08:15, 20.08.2009 — Новости
автор: OilWorld.Ru

DJ China''s Edible Oil Prices Face High Upward Pressure -Customs (ENG)


BEIJING(Dow Jones)--China's edible oil prices face high upward pressure on
rising import prices, according to a General Administration of Customs report.

  Domestic demand hasn't risen significantly in the current weak consumption
season, but the prices of foreign brands are rising, said the Customs in an
analysis report published on its Web site Wednesday.

  Meanwhile, big global grain and oil traders have increased their investments
in China's logistics sector this year, strengthening their control over the
country's grain and oil market, it added.

  China imported 4.37 million metric tons of edible vegetable oil in the first
seven months of this year, down 9.1% on year.


  -Zheng Xiaolu contributed to this story, Dow Jones Newswires; 8610 6588-5848;
tracy.zheng@dowjones.com


  

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