27/06/2017 (The Times of India Business) - ROTTERDAM, June 27 (Reuters) - Palm oil on the European vegetable oils market was offered little changed on Tuesday because of a lack of direction from the Malaysian palm oil futures market, which was closed for the Eid-Al-Fitr festival that marks the end of the fasting month of Ramadan.

Malaysian palm oil futures will re-open on Wednesday. The absence of many Asian players because of the public holiday also led to a quiet tone in both palm and lauric oils.

"There was little fresh news to work with so the market just drifted barely changed through the day," one broker said.

At 1630 GMT CBOT soyoil futures were between 0.41 and 0.54 cents per lb higher after USDA late on Monday rated 66 percent of the U.S. soybean crop as good to excellent, down from 67 percent the previous week and surprising analysts who expected a slight improvement. A rally in energy markets also supported soyoil.

EU rapeoil was offered between unchanged and five euros per tonne up from Monday, tracking strength in both CBOT soyoil futures and energy markets. Firmer rapeseed futures, following strength in Chicago soybean futures, also supported rapeoil.

Lauric oils were quoted between flat and $10 a tonne down as sellers lowered asking prices to attract buyers. Lack of Asian participants celebrating the end of Ramadan kept a lid on activity. EUROPEAN VEG OILS TRADES

CRUDE PALM OIL, Sumatra/Malaysia sellers option dollars a tonne Jul 647.50 Oct/Dec 630

RAPEOIL Dutch/EU, euros a tonne fob exmill Aug/Oct 2018 691

PALMKERNEL OIL Mal/Indo, dollars a tonne cif Rotterdam Jun/Jul 980 (Reporting by Karel Luimes; Editing by Adrian Croft)