Wednesday, January 19, 2011

Breaking News-RTRS - China turning to U.S. for soyoil imports-Oil World

HAMBURG, Jan 18 (Reuters) - China has increasingly imported U.S. soyoil in past weeks, turning its back on rival Argentine supplies for unclear reasons, Hamburg-based oilseeds analysts Oil World said on Tuesday.
China, the world's largest soyoil importer, has not made major purchases from South America in the past few weeks, Oil World said. Oil World also believes Brazilian supplies are practically sold out for nearby shipment.