Saturday, April 21, 2012

tera gold domestic soybean imports coming in 5700 tons - FTW

129784668223647500_399Outside the price of cooking oil is behind As of April 6, small edible oil packaging to large brand Gold Dragon fish, blessed the goal happily the successive price, this price increase is mainly used for series of peanut oil and rapeseed oil tera gold, rose between in-3.5%. Who is pushing up oil? On the different opinions. International: South American soybean production background of the price of cooking oil was the South American soybean crop failures, United States Department of agriculture expects United States soybean plantingArea declined, thereby promoting international oil prices of oils and fats. People familiar with the matter said, international comparison of prediction on the South American soybean crop, and together with United States Department of agriculture expects United States soybean production this year, resulting in the international market, oil of soybean futures and spot prices continue to rise. South American soybean production forecast down to become the focus of the market price. Because of South America the previous orderWidespread drought occurred, affected by this effect, soybean producing areas Argentina, and Brazil's soybean production is expected to continue to decline. United States Department of agriculture (USDA) report last October forecast, Argentina soybean output amounted to 53 million tons this year, but figures have been rounded down to 48 million tons of this year in February. At present stronger market for oil prices to continue to expect strong. South American soybeansProduction tera gold, United States, released on March 30, soybean acreage this year than last year, the market concern about the 2012 supply of varieties of beans increased. Domestic: external dependence increases in 2011, the total quantity of 28.651 million tonnes of edible oil in China, of which domestic 4.348 million tonnes of oil. External dependence increases. In addition, the recent petrol dieselPrices also led to logistics costs are too high, causing increased oil production costs. The industry believes that in recent years, almost rapeseed oil prices before and after the Ching Ming Festival, which also related to domestic rapeseeds and the period of time when the new crop is still in the blade and the old one is all consumed-temporary shortage. According to the data of the national grain and oils information center estimates, two thousand eleven-two thousand twelveths year (October/September) domestic soybean imports coming in 5700 tons tera power leveling, rose 8.9%. National grain and oils Information Center reported that China soybean imports this year will be significantly higher than the US Department of Agriculture estimated 55 million tons. International oil supply of oil is the main source of domestic oil demand. Domestic dependence on imported oil oil had reached 80%, which appeared in the international market, "cold", the domestic market "medicine". Others: