14/08/04, CHINA (foodchina.com) - The current overall edible oil markethas been oversupplied and the imports of edible oil have increased greatlyin the first half-year. According to customs statistics, China imported1.3783 million tons of soyoil in the first half-year, up 173.15%, and219,500 tons of rapeseed, up 483%. China imported 1.086 million tons ofpalm oil in January-April, up 38%. Moreover, China’ crushing capacity hasincreased greatly, increasing the supply. At present, the edible oilstocks of most crushers have been sufficient while traders are trying tokeep the low stocks. Moreover, as the new standard of edible oils will beimplemented from October 1, some unqualified edible oils will be bannedfrom selling on the market. Some crushers are lowering the prices in aneffort to clean the stocks and the prices of edible oils of small packagehave the trend to drop for promotion.