China's Soybean Oil Imports Surge 23 Percent; Palm Oil Imports Decline

(Bloomberg) -- China, the world's biggest vegetable
oil consumer, boosted its imports of soybean oil 23 percent in
May from April as lower domestic production and higher costs of
rival palm oil increased demand for the commodity.

Imports were 260,000 metric tons in May, according to
preliminary data issued by the Beijing-based customs office in
an e-mailed statement. Palm oil imports declined 17 percent to
360,000 tons from April, according to Bloomberg data.


Read more at Bloomberg Commodities News