Soybean oil and Rapeseed Oil Price to go High

By CnAgri2013-02-06 10:11:33 Print Soybean Oil: soybean oil price increased slightly this week. In the first quarter, China imported soybean that arrived at ports is about 11.6 million MT, lower than previously expected and last year's level of 13.26 million tons. With coming of Spring Festival, domestic oil factories continued with work stoppage and the majority planned to start on about February 20. It is expected that x soybean oil price shall fluctuate with strength throughout February. (Figure 6 and Figure 7)
 
Rapeseed Oil: rapeseed oil price went stable this week. Supported by material cost, rapeseed oil price stiffened but the demand was still less. It is estimated rapeseed oil price shall fluctuate with strength. (Figure 7)
        

From “China Oil and Oilseeds Market Weekly Report”