Nov. 7 (Bloomberg) -- China’s domestic vegetable oil market faces “supply pressures” because of high levels of stockpiles, Wang Yinji, deputy general manager at Cofco Oils & Grains Co., said at a conference in Guangzhou today. “We can’t be too pessimistic on the market outside of China because of the unprecedented liquidity,” Wang said. “But there are supply pressures inside China, because of high stockpiles.”

Last Updated: November 6, 2009 23:23 EST