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China government sold rapeseed oil

April 12, 2011

china government sold 99668 tons of rapeseed oil at auction Tuesday from states reserves at average price of CNY 9600/ton up from last auction 29 march at CNY 9281/ton. SF oil & rapeseed oil will maintain premium over soya oil till Aug  2011. Palmkernel oil  range $1900-1600 CIF Rotterdam with coconut oil trading $100 higher .

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