China: Persistently increase oil production capacity
Canola Seed & Rapeseed
China
Published Jun 29, 2022
Tridge summary
To ensure the safety of edible oil, we cannot rely on "one-for-one". We must take multiple "oils" and take multiple measures simultaneously, so that "oil bottles" can be filled with as much Chinese oil as possible. To deal with the pain point of limited planting area, development should not compete with grain. To deal with the pain point of low planting enthusiasm, do everything possible to improve industrial efficiency. In addition, in the context of globalization, rational use of the international market is one of the ways to expand the supply of oilseeds. At present, the summer wheat harvest has basically ended, and the summer rapeseed is also The harvest has been completed. The executive meeting of the State Council held a few days ago pointed out that the output of rapeseed has increased significantly this year. The agricultural situation dispatching of the Ministry of Agriculture and Rural Affairs shows that the area of rapeseed harvested this summer is expected to exceed 100 million mu again since 2015, and the yield per unit of the main production area is expected to hit a record. New high. The increase in rapeseed production not only increases the annual rapeseed oil production, but also makes people think about how to increase the oil production capacity in the future. Since last year, the international edible oil price has continued to rise, causing trouble to many countries. In 2021, China's edible oil price will increase by 6.9% %, far lower than the 65.8% increase in the global edible oil. Entering 2022, the domestic price increase is still limited. This year, the central government allocated more than 3 billion yuan to support rapeseed production, mobilizing the enthusiasm of farmers to grow oil. More than 40% of edible vegetable oil is mainly processed from rapeseed harvested in summer. The bumper rapeseed harvest has laid the foundation for increasing the annual oil production. Overall, the international shortage of edible oil has not had a serious impact on China, and the domestic supply of goods is guaranteed.
Original content
To ensure the safety of edible oil, we cannot rely on "one-for-one". We must take multiple "oils" and take multiple measures simultaneously, so that "oil bottles" can be filled with as much Chinese oil as possible. To deal with the pain point of limited planting area, development should not compete with grain. To deal with the pain point of low planting enthusiasm, do everything possible to improve industrial efficiency. In addition, in the context of globalization, rational use of the international market is one of the ways to expand oil supply. At present, the summer wheat harvest is basically over, and the summer rapeseed harvest has also been completed. The recent State Council executive meeting pointed out that this year's rapeseed production has increased significantly. The agricultural situation dispatch of the Ministry of Agriculture and Rural Affairs shows that this year's summer rapeseed area is expected to be harvested again since 2015. Breaking through 100 million mu, ...
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