China overstocked on commodities - Roubini
China may have overstocked on commodities, risking a slowdown in buying and a correction in prices in the second half of this year, top economist Nouriel Roubini said on Monday, also reiterating that the global recession would continue until year-end.
CHINA has confirmed the cancellation of six to eight South American soya cargoes and the deferral of about 20 shipments as crushers make losses, partly due to Beijing's expected release of a large volume of state soya reserves at lower prices to tame food inflation.