China has restored imports of 4 main vegetable oils since the beginning of 2022/23 MY

Refined Sunflower Oil

Published Aug 26, 2023

Tridge summary

China's imports of four main vegetable oils were at a high level in July, with palm oil imports reaching 563,000 tons, an increase from 450,000 tons the previous year. Sunflower oil imports also surged to 130,000 tons, a significant rise from 7,000 tons in July 2022. However, overall vegetable oil imports for MY 2022/23 were still lower than the corresponding period in 2020/21, at 8.8 million tons compared to 10.40 million tons.

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Original content

According to Oil World (Germany), in July, imports of 4 main vegetable oils by China were at a high level and amounted to 857 thousand tons against 579 thousand tons in July 2022. In particular, palm oil imports increased to 563 thousand tons against 450 thousand tons a year earlier, of which 481 thousand tons were supplied from Indonesia and 81 thousand tons from Malaysia. Also, the supply of sunflower oil to the Chinese market in July reached 130 thousand tons (in July 2022 - 7 thousand tons), of which 58 thousand tons - from Russia, 53 thousand tons - from Ukraine and 15 thousand tons - from Kazakhstan . Imports of rapeseed oil almost doubled - up to 126 (67) thousand tons, of which 96 thousand tons - from Russia, 18 thousand tons - from Belarus and 7 thousand tons - from the United Arab Emirates. At the same time, it should be noted that the supply of Canadian rapeseed oil to Chinese ports is practically absent for the second month in a row. Thus, the total volume of imports ...

Source: Oilworld