Palm | Kelapa Sawit

SINGAPORE, June 18 (Reuters) - China bought around 100,000 tonnes of soybean oil from Argentina this week, roughly half of what it imports in a month, traders said on Thursday.
The deals were signed between $860 and $880 a tonne, including cost and freight, for cargoes which are scheduled to be shipped in August and September. "The prices were attractive and buyers made use of this opportunity," said one Singapore-based trader. "Some buyers are also booking in advance as they are concerned that there might be a squeeze in supplies in August and September before the U.S. crop comes into the market."