Импорт растительного масла в Китай сократился

Published 2022년 6월 15일

Tridge summary

The Ministry of Agriculture of China predicts that the country's production of edible vegetable oil for the 2021/22 season will be 28.15 million tons, exactly matching the estimated consumption of 36.34 million tons. The main winter rapeseed harvest is ongoing and most areas are experiencing favorable weather conditions. However, excessive rainfall in parts of southwestern China could affect rapeseed quality. The average prices of palm oil and imported soybean oil have risen due to international market trends, leading to a decrease in China's imported edible vegetable oil volume to 7.43 million tons. For the 2022/23 season, the ministry forecasts a slight increase in production to 29.25 million tons, with imports expected to rise to 8.43 million tons to meet the demand. The US Department of Agriculture estimates the production of oils in China to be around 28.79 million tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Agriculture of China estimates that 2021/22 edible vegetable oil production will be 28.15 million tons and consumption will be 36.34 million tons, in line with the previous month's estimate. As of the end of May, most of China's main winter rapeseed growing areas have been harvested, and harvesting is nearing completion in some areas such as Jiangsu and Southwest China. Weather conditions in most growing areas are good, which facilitates the harvesting and drying of rapeseed. Recently, Yunnan, southwestern Guizhou and southern Sichuan have received a lot of rain, and attention should be paid to the impact on the quality of rapeseed. Under the influence of the general upward price shift of palm and soybean oil in the international market, the average price of palm oil for Hong Kong and the price of imported soybean oil after taxes for this year were adjusted accordingly, and the import volume of ...
Source: Oilworld

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.