Friday, April 16, 2010

Breaking News-RTRS-UPDATE 2-Chinese importers delay Argentine soyoil orders

BUENOS AIRES, April 14 (Reuters) - Chinese soyoil importers are asking Argentine exporters not to send shipments of the oil that had been bought before Beijing started imposing a new import standard, traders in Buenos Aires said on Wednesday.
Chinese authorities have denied the new rules were imposed in retaliation for Argentina's decision to restrict some Chinese imports, such as shoes and steel pipes, to protect local industry during the global economic crisis.
The disruption to exports is raising concern in Argentina because it threatens a key source of hard currency.