Vegetable oil prices rally on dry weather and tigh
8/8/2001(Soyatech) - The price of vegetable oils is rising in the US dueto lower Asian output, tighter supplies and concern that the US crop willbe affected by adverse weather conditions.Spot prices for soybean, corn and cottonseed oil in Jul 2001 are at theirhighest level of the year so far.Stocks are said to be down.There will be increased demand for US exports of soybean oil in both Asiaand Europe.Trends in Indian and Chinese buying and other world trade are brieflyreviewed.The price of most animal fats and greases is also up.
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