CPO active in Europe

CPO active in Europe

LONDON (Reuters): Concern over unrest in Indonesia and sharp
gains on the Malaysian palm oil futures market triggered active
trade in the palm oil sector of the European vegetable oils
market, traders said.

"It's been a very busy morning with people still nervous over
what may happen next in Indonesia, and to a lesser extent whether
the ringgit will fall again on Friday, in turn setting off
further gains on Malaysian (palm oil) futures," one said.

At midday the palm oil sector in Europe was US$5 to $10 up on
Wednesday's close.

Activity was largely confined to palm olein, which traded a
number of single dates ranging from May 11 to May 19, with trades
from $727.50 to $732.50.

RBD oil attracted a couple of trades with $685 paid for June
and $667.50 for Jul/Sep, while Jul/Sep stearin traded from
$542.50 to $550.