date:Aug 25, 2014
Palmkernel oil on the European vegetable oils market rose sharply on Thursday because of technical support after trading as low as $840 a tonne cif Rotterdam. The gap between palmkernel oil and coconut oil widened to almost $250 after which asking prices jumped some $50 to cut the gap to $200, which is still a significant discount. Otherwise the market remained fairly quiet with players looking for fresh clues, one broker said.
Palmkernel oil was offered $55 a tonne higher than Wednesday while