Mumbai, 09 Sep (Commoditiescontrol): The latest data from China’s National Grain and Oils Information Center reveals slight fluctuations in the country's edible oil reserves as of September 6, compared to figures recorded on August 30.
According to the report, palm oil inventories experienced a modest increase, rising from 448,000 tonnes to 456,000 tonnes, marking an addition of 8,000 tonnes. This uptick suggests a steady demand in the domestic market, potentially influencing regional palm oil prices.
Conversely, soy oil stocks displayed a slight decrease, dipping by 2,000 tonnes to settle at 1,094,000 tonnes.
Rapeseed oil stocks also saw a decrease, albeit marginal, dropping from 791,000 tonnes to 788,000 tonnes.
Overall, the total stocks of major edible oils in China have shown a slight increase, totalling 2,338,000 tonnes, up by 3,000 tonnes from the previous week’s total of 2,335,000 tonnes. This overall stability in edible oil stocks indicates a balanced market dynamic as the industry heads into the final quarter of the year.
(By Commoditiescontrol Bureau; +91-9820130172)
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