By 0258 GMT, the most active January 2013 soybean oil contract on the Dalian Commodity Exchange was trading 2.1 percent lower at 9,080 yuan ($1,400) per tonne, after going as low as 9,058 yuan, a level last seen on June 5.

Malaysia palm oil tumbled to a near 3-year low of 2,230 ringgit per tonne last Wednesday on rising stocks and lacklustre demand, before paring losses later in the week.