Thursday, October 22, 2009

Breaking News-RTRS-China Sept soyoil imports hit 10-month high

BEIJING, Oct 21 (Reuters) - China's imports of soyoil, the country's staple cooking oil, rose to about 310,000 tonnes in September, the highest level since December and a rise of 51 percent from August, industry sources said on Wednesday.
Imports this month would still be high or at more than 250,000 tonnes, analysts estimated. Buyers had earlier booked a large amount of South American soyoil to profit by selling on the Dalian Commodity Exchange <0#DBY:> where domestic futures prices are higher.