Palm oil rises to 3-week top on China demand
KUALA LUMPUR, Sept 6 (Reuters) - Malaysian crude palm oil futures hit three-week highs as investors took up positions ahead of the long holidays, spurred by talk of strong Chinese demand for vegetable oils.
"Trading volumes were high today," said a trader with a Singapore-based foreign brokerage.
China 2010/2011 soy imports may hit fresh record -trade
BEIJING, Sept 6 (Reuters) - China, the world's largest soy buyer, is on track for record soybean import bookings in 2010/2011 (Sept/Aug) after the current year's estimated 52 million tonnes, also a record, due to the rapid expansion of its domestic crushing industry, a senior trader said.
"We think it is possible that China's imports in 2010/2011 may reach 55 million tonnes," Frank Zhou, a soy trading manager with Cargill Investment (China) Ltd, told JCI conference over the weekend.
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