ROTTERDAM: Palm oil on the European vegetable oils market was hardly changed on Friday because of a lack of direction from Malaysian palm oil futures, due to a public holiday.

Asking prices for palm oil were between $2.50 down and $2.50 up from Thursday in very thin trade.

Lack of participation from Malaysian players and little fresh news to work with kept prices for most products at about the same levels during the day, one broker said.

At 1600 GMT CBOT soyoil futures were between unchanged and 0.14 cents per lb higher, tracking stronger Chicago soybean futures on technical buying and because of strong export demand. Gains were limited as CBOT dealers bought soymeal futures and sold soyoil contracts.

EU rapeoil was quoted between three and six

euros per tonne higher, supported by stronger rapeseed futures, which tracked gains in Chicago soybeans.

Published in Dawn, September 23rd, 2017