PALM NEWS MALAYSIAN PALM OIL BOARD Thursday, 09 Apr 2026

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MARKET DEVELOPMENT
European Vegoils-Prices Mixed, Firmer Energy Offers Some Support
calendar21-06-2014 | linkReuters | Share This Post:

21/06/2014 (Reuters) - Prices in Europe's vegetable oil market for physical deliveries were mixed on Friday as futures fell, but firmer energy prices supported some sectors.

* Malaysian palm oil futures ended lower on Friday as poor exports dragged.

* In Europe, crude palm oil for July/September delivery fell $2.50 a tonne against Thursday, offered for sale at $862.50 a tonne cif Rotterdam.

* Chicago soyoil fell in Friday trade after rising on Thursday.

* EU soyoil was offered for sale down 5.00 euros a tonne against Thursday for August/October delivery at 680.00 euros a tonne fob ex-mill.

* "The futures markets were showing weakness today but the day's traded prices were still sometimes supported by Thursday's firm soyoil close in Chicago and background support from rising crude (mineral) oil," one European trader said.

* Rapeseed oil, used in biodiesel production, was among sectors drawing support from rising oil prices linked to violence and increased risks of disruption to supply from Iraq.

* Rapeseed oil for August/October delivery traded at 680 euros a tonne, up 5 euros on Thursday's trade.

* Refined, bleached and deodorised (RBD) palm olein oil traded at mixed trends compared to Thursday.

* RBD palm olein for August/September delivery traded down $1.5 a tonne at $796 a tonne fob Malaysia. But October/December delivery traded up $5 at $787.50 a tonne.

* RBD palm olein for August only delivery traded at $797.50 a tonne with no August trades reported on Thursday.

* No major trading was reported in other oils.