Breaking News-RTRS-China may sell more soy reserves on strong demand

BEIJING, April 8 (Reuters) - A rise in soymeal demand in China has spurred soybean imports by the largest buyer and triggered concerns the government agency may release more reserves into the domestic market, traders said on Wednesday.
Sinograin, which manages the state reserve, has sold about 100,000 tonnes of imported soy reserves in its latest sale last month to crushers, bringing its total sales so far in the year to about 500,000 tonnes, they said.
"It has so far released small amounts because soy prices are still not good enough. If prices continue to rise by another 200 yuan (per tonne), it may release stocks of a large amount," said one trading executive with a major trading house.