China state stockpiler to unleash soybean, soyoil reserves to cool price: sources
China’s state-owned national reserve manager Sinograin is rumored to begin selling some of its soybean and soyoil stocks soon in order to ease the momentum of rising vegetable oil prices.
The company will release one million tons of soybean reserves and 300,000 tons of soyoil stocks to the domestic private buyers, according to three different market sources.
Costs of animal feed ingredients including corn and soyme...