China Soybean Oil Price to See no Recovery Before Spring Festival

By CnAgri2014-01-03 10:08:00 Print Soybean Oil: soybean oil declined this week. Domestic veg oil market is less positive currently with end of stocking for holiday. But domestic soymeal market shows strong demand, which to some extent  weighs on soybean oil market by increasing supply. Therefore, BOABC predicts that domestic soybean oil market shall see no recovery before Spring Festival.  (Figure 6 and Figure 7)




From “China Oil and Oilseeds Market Weekly Report”