China cut vegetable oil imports by 40% in MY 2021/22
In China, according to the results of the 2021/22 marketing year, a serious reduction in vegetable oil imports is recorded – by about 40%. According to analysts from the United States Department of Agriculture (USDA), between October 2021 and July 2022, the volume of purchases of these products decreased by more than 5 million tons. The largest decline, according to experts, occurred in relation to palm (2 million tons), rapeseed (1.2 million tons) and sunflower oil (1.1 million tons). At the same time, imports of soybean and peanut oil in MY 2021/22 also decreased significantly.
Tags: China, sunflower oil, soybean oil, corn oil, palm oil, imports, rapeseed oil, linseed oil, cottonseed oil
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