European vegoils-Palm oil up with CBOT on bargain buying

ROTTERDAM, Oct 4 (Reuters) - Palm oil on the European vegetable oils market firmed on Friday, tracking Malaysian palm oil futures, which again were following a hike in CBOT soyoil on bargain buying and a slowdown in the U.S. soybean harvest due to rains.

* "Asking prices for most products were up on the back of a jump in Chicago soyoil. We saw some activity from buyers covering in case prices continue to move up, although many were not sure bullish momentum would last long," one broker said.

* Palm oil was offered between unchanged and $12.50 a tonne up from Thursday after Malaysian palm oil futures closed between seven ringgit per tonne down and 16 ringgit up, mostly following rival soyoil with players already eyeing fresh MPOB stocks data, due on October 10.

* Nov delivery RBD palm olein changed hands at $760 a tonne fob Malaysia and Jan/March fetched $747.50, unchanged from Thursday.

* At 1630 GMT CBOT soyoil futures were between 0.01 and 0.10 cents per lb up in sympathy with soybean futures after private forecaster Informa lowered its U.S. yield estimate.

* Liquid oils - rapeoil, sunoil and soyoil - were offered between unchanged and nine euros per tonne down from Thursday on profit taking following recent gains after the European Union said it will raise anti-dumping duties on biodiesel imports from Argentina and Indonesia, causing some profit taking.

* Nov/Jan EU rapeoil changed hands at 728 euros per tonne fob exmill, Feb/April fetched between 737 and 735 euros and May/July traded four euros down from Thursday at 744 and 741 euros.

* Lauric oils were offered between unchanged and $5 a tonne down from Thursday as sellers were seeking buyers and found some at $870 a tonne cif Rotterdam for Nov/Dec palmkernel oil, while Dec/Jan coconut oil was switched into Feb/March plus $7.50. (Reporting by Karel Luimes; eediting by James Jukwey)

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