Palm | Kelapa Sawit

BEIJING, April 19 (Reuters) - China's soyoil imports could fall nearly 40 percent in the year ending September thanks to delays in cargoes from Argentina, but analysts said large stocks of vegetable oil would help cushion the impact and any boost to global prices would be brief.
The country's soyoil imports could fall to 1.5 million tonnes in the year to September 2010, the China National Grain and Oils Information Centre (CNGOIC) has estimated.
There would be no Argentine soyoil cargoes to be loaded in April and loading of some previously purchased cargoes has been delayed, the center said on its web site (www.grain.gov.cn).
Although lower soyoil imports from Argentina will be supportive for the U.S. Chicago soy market, the underpinning will be brief, one analyst said.