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.