Economic Calendar

Monday, December 22, 2008

Dalian Soybeans, Soybean Oil and Palm Oil Rise by Trading Limit

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By Claire Leow

Dec. 22 (Bloomberg) -- Soybeans, soybean oil and palm oil traded on the Dalian Commodity Exchange in China, the largest consumer of vegetable oils, rose by the daily trading limit.

Soybeans gained 5 percent to 3,216 yuan ($470) a metric ton, the highest intra-day level since Nov. 28. Soybeans are crushed for meal for animal feed and oil for cooking.

Soybean oil rose 5 percent to 6,014 yuan a ton and Dalian palm oil rose by the trading limit to 4,906 yuan a ton.

To contact the reporter on this story: Claire Leow in Singapore at cleow@bloomberg.net




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