Wednesday, March 31, 2010

Breaking News-RTRS-China Dalian soyoil up on import curb talk -trade

BEIJING, March 30 (Reuters) - China's Dalian soyoil and palmoil contracts <0#DBY:> <0#DCP:> traded higher on Tuesday, supported by market talk that the government may take measures to restrict imports of soyoil, traders said.
The commerce ministry has asked 16 edible oil companies for an emergency meeting, triggering speculation that the government might take steps to restrict imports because it has a surplus of supplies at home, the Dalian Commodity Exchange said in a short notice to media.