(Bloomberg) -- Chicago soybean oil prices rose to the
highest in almost 23 years as prices of palm oil in Malaysia
climbed following a report showing vegetable oil imports by China,
the largest consumer, jumped this year.
China's palm oil imports rose 27 percent to 1.6 million
metric tons in January-April, while imports in April alone were
435,783 tons, according to data issued by the Beijing-based
customs office. Soybean oil imports rose 16 percent to 792,380
tons in the first four months. In April, it imported 211,233 tons.
Read more at Bloomberg Commodities News
highest in almost 23 years as prices of palm oil in Malaysia
climbed following a report showing vegetable oil imports by China,
the largest consumer, jumped this year.
China's palm oil imports rose 27 percent to 1.6 million
metric tons in January-April, while imports in April alone were
435,783 tons, according to data issued by the Beijing-based
customs office. Soybean oil imports rose 16 percent to 792,380
tons in the first four months. In April, it imported 211,233 tons.
Read more at Bloomberg Commodities News
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