European vegoils- Palm oil mixed on contrasting leads
GDYNIA, November 20 (Refinitiv) - Palm oil on the European vegetable oils market was mixed on Monday following stronger Malaysian palm oil futures supported by strength in Chicago soyoil, but stronger Malaysian ringgit and rising exports capped the gains.
Asking prices for palm oil were mostly between $15 a tonne lower and $15 a tonne higher from Friday.
At 1700 GMT, CBOT soyoil futures were between 0.68 and 1 cent per pound higher with Chicago soybean. Prices rose amid strong demand from China.
EU rapeoil was quoted between 5 euros per tonne lower and 20 euros per tonne higher tracking firmer Canadian canola futures. Strong demand for biodiesel supported the market.
Lauric oils were mostly offered between $10 and $40 a tonne lower due to slow consumer interest.