China's Top Economic Planner Said to Call Meeting on Cooking-Oil Prices

China’s National Development and Reform Commission called a meeting with suppliers of cooking oil after saying prices needed monitoring during upcoming holidays, according to two executives with direct knowledge of the talks.

Authorities must scrutinize prices for food, transportation and tourism during the Mid-Autumn Day and National Day holidays that begin Sept. 22 and end Oct. 7, the commission said in a statement posted on its website today.

The talks are in Beijing today, the company executives said, declining to be identified because the meeting hasn’t been publicly announced. Li Pumin, a spokesman for the commission, couldn’t immediately be reached for comment when contacted by phone at his office.

China is the world’s biggest consumer of soybean oil and rapeseed oil. Premier Wen Jiabao’s government has a target of keeping inflation within 3 percent this year.

--William Bi. Editor: James Poole

To contact the Bloomberg News staff on this story: William Bi in Beijing at wbi@bloomberg.net

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