June 28, 2006	Wednesday	Jumadi-ul-Sani 1, 1427

PARIS, June 27: Europe's vegetable oil market saw good underlying demand for palm oil on Tuesday, while weaker oils prices attracted buyers for rapeoil, traders said. Soyaoil was offered up to $19 lower and rapeoil up to $15 eaiser in early business following the weaker Chicago Board of Trade close on Monday.

There was no business reported in soyaoil but dealers did report trades in rapeoil for the Aug/Oct, Nov/Dec and Jan/April positions.

They also noted good underlying demand for crude palm oil with July changing hands at $435, unchanged from Monday, and Oct/Dec at $460.

The Chicago market opened higher, and this gave the market a helping hand, one trader said.

Trades were also seen in palm olein with July traded at between $412.50 and $417.50 a toe.—Reuters