Chinese buyers have booked 3-4 cargoes of palm oil from Southeast Asia this week as the edible oil price in China climbed to a new record high.
According to two market sources, China has secured at least three cargoes of palm oil from either Malaysia or Indonesia for May shipment this week.
But prices for these cargoes are currently unknown.
The purchases were made against the backdrop of rising edible oil prices in China with both cash prices and futures for palm oil, soybean oil and rapeseed o...