| 05.05.2009 - Soyabean and vegetable oil at fresh highs |
| From FT: Soyabean and vegetable oil prices hit fresh seven-month highs on Monday, reflecting tightness due to falling supplies from Argentina, the third-largest exporter, which has been hit by drought, and strong buying from top importer China. The surge in oilseed prices has lifted vegetable oil and animal feeding costs to the same levels of late 2007 and early 2008, when the food crisis was already hitting some developing countries.......Full Article (Registration required): Source |