China’s vegetable oil stocks have risen compared to last year
According to SunSirs, China’s national commodity system, China continues to build up vegetable oil stocks. As of September 19, commercial soybean oil inventories in China totaled 1.25 million tons, down 10,000 tons from the previous month but up 110,000 tons year-on-year.
Rapeseed oil stocks totaled 590,000 tons, down 20,000 tons from the previous month but up 150,000 tons year-on-year.
Palm oil stocks reached 600,000 tons, down 50,000 tons from the previous month but up 130,000 tons year-on-year.
Earlier, it was reported that soybean meal volumes in China had exceeded one million tons and were continuing to increase.
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