Thursday, March 4, 2010

Breaking News-RTRS-China soyoil imports in April-May up from March-CNGOIC

BEIJING, March 3 (Reuters) - China's soyoil imports were likely to increase to between 200,000-250,000 tonnes in April and May each month, up from about 60,000 tonnes projected for March, according to an official grain think-tank.
Soy crushers have resumed production after the Chinese New Year holidays last month, more supplies coupled with larger imports could pressure prices of the edible oils, the China National Grain and Oils Information Centre (CNGOIC) said in a report posted on its website (www.grain.gov.cn) on Wednesday.