Tuesday, October 12, 2010

Breaking News-RTRS-China likely to lift Argentine soyoil ban - source

BEIJING, Oct 11 (Reuters) - China is likely to lift its six-month de facto ban on soyoil imports from Argentina but has not taken a final decision yet, an official Chinese source with knowledge of the situation said on Monday.
China effectively barred Argentine imports of the edible oil at the end of March amid a wider trade dispute, by restating quality standards that traders said were impossible to meet in practice.
The source said China's Ministry of Commerce was likely to reopen the trade, but did not expect a flood of Argentine imports because Argentina had already sold most of its soyoil elsewhere.