[Back]   [Comments]  [Print]

NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

15/09/2004

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

Chinafood.com

CATEGORY

HEADLINE

China Soyoil Imports Start to Decline
10/09/04 - The procurements of imported soyoil by China for shipmentsafter October have remained at low level and no new contracts have beensigned according to the new standard, so the imports will drop to a lowlevel in October-November. The demand for grade 2 soyoil and rapeseed oilhas declined in China, the increases in prices since early September havestopped and it is forecast the price is difficult to rise greatly beforethe Mid-autumn Festival and the National Day. The domestic demand for palmoil has declined rapidly as the temperature has dropped greatly in NorthChina, making the prices drop continuously, and the current palm oilimports have reduce.