Cash and futures prices for soybean oil and rapeseed oil in China have been edging lower in recent weeks but retail prices for vegetable oils continue to strengthen.
The most liquid soybean oil futures contract on Dalian Commodity Exchange closed at 8,410 yuan/ton (US$1,322 per ton) on Friday, down more than 13% from the previous peak of 9,710 yuan/ton (US$1,527 per ton) in late October this year.
Cash soybean oil price also retreated during the same period, down about 1% from the record high of...