HAMBURG: Pakistani importers have bought about 60,000 tonnes of soyoil, continuing purchases as prices fell sharply this week, European traders said on Friday.
The soyoil was thought likely to be sourced in the United States, traders said.
The oil was for April/May shipment and follows a separate purchase of about 4,000 tonnes of optional-origin soyoil by Pakistani importers reported on Thursday.
Chicago soyoil prices fell to their lowest since December 2008 on Thursday following an announcement by the US Environmental Protection Agency which could open the way for more soyoil-based biodiesel imports into the US from Argentina.
"Importers are taking the opportunity in the low prices to get supply cover," one European trader said.
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