17/07/04 - The domestic edible oil prices have been stable recently, withthe demand up from June, but the domestic rapeseed oil and palm oil priceshave been low. The current domestic edible oil prices have been low,greatly affected by the palm oil and rapeseed oil prices. The rapeseed oilex-factory prices have remained stable recently in South China, with thegrade 2 rapeseed oil ex-factory price at 5,900 Yuan per ton, lowex-factory price at 5,700-5,800 Yuan per ton and high ex-factory priceapproaching 6,000 Yuan per ton.

The international palm oil prices have dropped greatly recently, with thewith the 24 degree palm oil FOB quote for August-September shipments at$400-410 per ton, down $20-30 per ton from the first half of July, and thedomestic prices have dropped. The port palm oil prices have dropped andthe arrivals have remained at high level, with the trading prices at5,050-5,100 Yuan per ton, but the quotes have remained at high level.China’s current imports of palm oil and crude oil have remained at highlevel and some refineries are preparing for the peak season this autumnnow, driving up the demand.