European vegoils-Palm oil little changed ahead of Malaysia holiday

Reuters

LONDON, Oct 14 (Reuters) - Palm oil on the European marketwas generally little changed on Monday with activity at avirtual standstill ahead of Tuesday's holiday in Malaysia, oneof the biggest palm oil producers.

* "It has been very quiet today. A lot of people in Malaysiawent on holiday earlier today. I don't think much is going tohappen now until Wednesday," one broker said.

* Malaysia is on holiday on Tuesday for Eid al-Fitr andtrading will resume on Wednesday.

* Palm oil was offered between unchanged and $5.00 a tonnehigher than Friday with the slightly firmer levels more areflection of the lack of significant buying or selling interestthan any underlying strength.

* Malaysian palm oil futures edged down in tight trade onMonday on renewed worries that a seasonal rise in output in theworld's second-largest producer could overwhelm demand in thenext three months.

* At 1640 GMT CBOT soyoil futures were between 0.01 and 0.15cents per lb higher supported by rain-disruptions to the U.S.harvest and the threat that frost may damage crops in some areaslater this week.

* Liquid oils - rapeoil, soyoil and sunoil - were offeredbetween six euros lower to five euros higher. Feb/April EUrapeoil changed hands at 740, 738 and 737 euros a tonne fobexmill.

* Lauric oils were offered between $2.50 a tonne higher to$10.00 lower than Friday but no deals were reported. (Reporting by Nigel Hunt. Editing by Jane Merriman)

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