Apr. 10, 2008 (China Knowledge) - China's edible oil price fell 0.2% between Mar. 31 and Apr. 6, as compared with the price at the close of the previous week, due to the government's macro control policies and the decline of the soy price on the global market.

The government has been striving to control the price of edible oil by releasing stocks from the State reserve and putting price restrictions on some oil products. Besides, the government plans to grant more subsidies to ensure the supply.

The oil price will remain stable as the rapeseed harvest will be brought to market next month, said an oil expert, Wang Xiaoyu. And the supply will also stay stable this year, according to an official from the Ministry of Agriculture.

China's edible oil production has declined since 2000, as the prices of rapeseed and soy are relatively low, which lead many farmers to plant more lucrative crops.