Breaking News-RTRS-UPDATE 1-China may ease rules on Argentine soyoil - report

BUENOS AIRES, April 20 (Reuters) - China could relax a tough new import standard to normalize soyoil exports from top supplier Argentina, a daily newspaper reported on Tuesday.
The disruption to exports is raising concern in the South American country because it threatens a key source of hard currency and authorities have been trying to negotiate a solution with Chinese officials.
The new standard was imposed three weeks ago, but China denies it was in retaliation for Argentina's decision to restrict some Chinese imports, such as shoes and steel pipes, to protect local industry during the global slowdown.