Breaking News-RTRS--China soyoil trade at record on farm policy -report

BEIJING, Dec 7 (Reuters) - Soyoil trading volumes hit a record high on China's Dalian Commodity Exchange [0#DBY:] on Monday, supported by strong demand and news from a government economic meeting, a report from the exchange said.
Rising supermarket prices for edible oil have triggered a chain reaction, pushing retailers and merchants to build up their inventories, according to the Dalian report.
COFCO, one of the four major players in China's soybean crushing sector, raised cooking oil prices by 10 to 15 percent from December 1, a COFCO official told Xinhua news agency.