November 16, 2010

China buys 250,000 tonnes of Argentine soyoil

China bought between 200,000 and 250,000 tonnes of Argentine soyoil last week, according to specialised magazine Oil World.

The Asian giant keeps on the good track and buys large quantities of soyoil from Argentina after Beijing decided on October 12 to lift the block on soyoil imports from Argentina.

The recent buying come after China had bought 70,000 tonnes of Argentine soyoil about two weeks ago and right after the ban was lifted.