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China offloads more rapeseed oil

This article was originally published in The Public Ledger

CHINA sold more rapeseed oil from state reserves on Tuesday and traders predicted the regular auctions, held twice a month since late last year, are likely to end as early as next month as the new domestic harvest comes to the market. The auctions, with 1.227m tonnes sold so far, together with 450,000 tonnes sold to some designated refineries earlier in the year, meant that Beijing may not have much left.

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