European vegoils- Palm oil mixed on contrasting leads
GDYNIA, November 22 (Refinitiv) - Palm oil on the European vegetable oils market was mixed on Wednesday following stronger Malaysian palm oil futures supported by a weaker ringgit and expectations of a lower production in Malaysia. However, weak exports have limited price gains.
Asking prices for palm oil were mostly between $85 a tonne lower and $12.5 a tonne higher from Tuesday.
At 1700 GMT, CBOT soyoil futures were between 0.57 and 0.7 cent per pound lower with Chicago soybeans on profit taking and position squaring ahead of Thursday's holiday in the U.S.
EU rapeoil was quoted 20 euros per tonne higher due to strong demand for biodiesel in the EU.
Lauric oils were mostly offered between $15 per tonne lower and $20 a tonne higher due to active imports.