NDRC may launch edible oil price quotation mechanism
China raised concerns over edible oil price hikes as production of soybean in the U.S , Argentina and Brazil missed estimates. Small-package oil makers including Yikai Kerry, COFCO and Luhua were requested to report the ex-factory price, wholesale price and retail price of small-package edible oil products to the National Development and Reform Commission in order to keep price steady, 21st Century Business Herald reported.
People with knowledge of the matter said such price quotation mechanism may be implemented for long term. (y)
AAStocks Financial News
Fax: 852 2186 8286
Web Site: www.aastocks.com
News Provided by AASTOCKS.com