Soybean Oil Price to Keep Fluctuating
By CnAgri2013-08-08 11:33:02
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Soybean Oil: Soybean oil price decreased this week. Growth rate of soybean oil stocks in ports narrowed gradually and soybean arrivals will decrease in August and September compared with July, which helps relieve supply pressure. Some food enterprises will purchase feed oil to make preparation for Mid-autumn Day and National Day and feed oil consumption is predicted to increase. It is projected soybean oil shall keep with fluctuation recently. (Figure 6 and Figure 7)
From “China Oil and Oilseeds Market Weekly Report”
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