Edible oil supply 'guaranteed'

Adequate supply of edible oil can be guaranteed and local authorities should ensure market supply by releasing reserve oil "at the appropriate time", the country's grain regulators said yesterday.

"Currently, edible oil production and imports are in a normal state and market supply can be guaranteed," the National Development and Reform Commission and the State Grain Administration said in a statement.

Pushed up by rising international soybean and edible oil prices, domestic edible oil prices have seen strong growth momentum since last year. Experts believe the trend will continue in the coming months.