China has set a new record for oilseed imports in the current marketing year
Soybean
Published Sep 29, 2023
Tridge summary
China has seen a significant increase in its oilseed imports, particularly of soybeans, which accounted for 92% of the total imports in the industry. Additionally, the import of vegetable oils, led by palm oil, also saw an increase. The import of oil crops reached a record high of 110.2 million tons, while the supply of vegetable oil saw significant growth, reaching 11.49 million tons.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
China increased its oilseed imports by more than 15 million tonnes from the previous season, with soybeans accounting for most of those imports. The import of vegetable oils also increased, with palm oil leading the way. Analytical agency OilWord compared the indicators of import of oil crops and their processing in China for the current and last marketing year. According to the agency, the import of oil crops showed record results - 110.2 million tons compared to 95.2 million tons the previous year. At the same time, soybeans account for 92% of imports in this industry. As for the products of processing of oil crops, the supply of vegetable oil showed a significant growth here - 11.49 million tons compared to 7.13 million tons last season. Palm oil accounts for more than half of imports (6.15 ...
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