Breaking News-RTRS-Soyoil prices to stay firm near term -Oil World
Posted by Labels: Trader's highlightHAMBURG, May 25 (Reuters) - Soyoil prices are likely to remain firm in coming weeks despite current weakness in soybeans and soymeal, while China is likely to resume soyoil buying from Argentina, Hamburg-based oilseeds analysts Oil World said on Tuesday.
Global consumption of the eight main vegetable oils was likely to exceed production in April/Sept 2010, cutting stocks and supporting prices, it said.
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