Soyoil inventories in China look set to build up further from already-high levels, denting prices even more, as the world’s largest soybean crushing sector cranks back up following coronavirus-led cutbacks last month, traders and analysts said.
Reuters reports that China’s stocks of soybean oil have climbed 50% this year as edible oil consumption slowed while millions of people stayed home instead of eating at canteens and restaurants due to the epidemic.
