date:Jun 30, 2014
Palm oil on the European vegetable oils market eased late on Thursday following weaker mineral oil prices in otherwise lacklustre trade. Easing mineral oil levels mean less demand for vegetable oils from biodiesel producers and that leads to a weaker market, one broker said.
Palm oil was offered unchanged to $5 a tonne down from Wednesday after Malaysian palm oil futures closed between two and 20 ringgit per tonne lower as mineral oil prices began to ease. Losses were capped by an uptick in ex