May 31, 2007

Shanghai's soybean oil price rises

Prices of Haishi and Arawana soybean oil and blended oil rose by nearly 10 percent at some supermarkets in Shanghai due to increases in soybean raw materials and the increase of soybean prices on the international market. 

Edible oil prices have also experienced increases in Beijing, Hubei Province, Hangzhou City and Nanchang City, and is also expected to jump slightly further in the near future. There is, however, only a small likelihood of any significant price increase.