Soybean Oil Price to Decline Further More

By CnAgri2014-01-16 09:32:01 Print Soybean Oil: soybean oil declined this week. According to Customs statistics, China edible oil imports registered 0.81 million MT in Dec., up 5.2% from Nov.. The edible oil imports totaled 8.1 million MT in Jan.-Dec. 2013, down 4.2% from the 8.45 million MT in 2012. The market went slack with end of stocking for Spring Festival and arrivals of imported edible oil worsened the oversupply condition. BOABC predicts soybean oil market shall remain weak and the price is likely to decline further more (Figure 6 and Figure 7)




From “China Oil and Oilseeds Market Weekly Report”