Monday, November 24, 2008

Breaking News-RTRS-China soyoil strong; more imports arrive for reserves-survey

BEIJING, Nov 21 (Reuters) - China's soyoil market should stay strong next week amid robust demand, although a large amount of imports have arrived this month, according to a survey by an official think-tank.
"Most soyoil imports in November would go for state reserves, which would not have any impact on the market," said the official China National Grain and Oils Information Centre (CNGOIC) in a report. It did not elaborate.