European vegoils-Palm oil firmer on positioning ahead of reports

Palm oil on the European vegetable oils market was stronger, tracking gains in Malaysian palm oil futures on positioning ahead of Wednesday’s MPOB supply/demand and stocks report. Prices for palm oil were between unchanged and $10 a tonne higher after Malaysian palm oil futures closed between 13 and 31 ringgit higher as futures traders anticipate better exports ahead of data due later this week. CBOT soyoil futures were between 0.27 and 0.41 cents per lb lower.