China: The first batch of Russian linseed oil produced on the terms of bonded processing was shipped from the customs zone

On April 7, the first batch of 1,270 tons of Russian cold-pressed linseed oil in Ningxia was successfully declared for export to the Yinchuan Comprehensive Free Trade Zone. This means that the business model of the Yinchuan Comprehensive Free Trade Zone flax seed processing project from entering the zone to processing into semi-finished products and then exporting from the zone has been fully completed, giving new kinetic energy to the high-quality development of Ningxia grain and oil processing industry. Ningxia (Ningxia Hui Autonomous Region, China, approx. oilworld.ru) is the main area for the production and processing of linseed oil in China, as well as the main area for consumption of linseed oil, but there is still a problem that domestic seed production flax cannot meet the needs of enterprises in the markets of production, processing and consumption. “In the past, the flaxseed we imported was mostly purchased by domestic traders or cleared through customs at the port of ...