MARKET DEVELOPMENT
MARKET TALK: China May Take 3 Mos To Absorb Olein
MARKET TALK: China May Take 3 Mos To Absorb Olein
09/12/04 (Dow Jones)--China RBD palm olein stocks estimated above 200,000tons currently; assuming daily offtake of around 2,500 tons, may take morethan 3 months for the stocks to be fully absorbed, says Shanghai Pansun.Ample supply likely to limit room for large purchases by Chinese importersin the medium-term, traders say.