China opens market to rapeseed and soybean meal from Uruguay
China has opened imports of rapeseed and soybean meal from Uruguay since June 6, according to a statement from the General Administration of Customs (GAC) of China.
Thus, Uruguay has become the 12th country supplying rapeseed meal to China after the introduction of a 100% import duty on this product of Canadian origin. Previously, Canada accounted for 70% of supplies, Reuters recalls.
Traders and analysts expect a deficit in China as early as the third quarter, while alternative sources are unlikely to be able to compensate for the lost volumes.
Previously, China allowed the import of rapeseed meal from 11 countries, including Russia, Kazakhstan, Pakistan, Japan, Ethiopia, Australia, India and Belarus.
Soybean meal imports are allowed from Russia, Argentina, Brazil, South Korea, Belarus, Zambia, Kazakhstan and Taiwan.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Romania acquires Giurgiulești port: Deal officially confirmed
Registration for BLACK SEA GRAIN.KYIV goes on – join with Early Ticket by Ja...
Ukraine’s corn harvest is approaching the level forecasted by the USDA
Australia expresses disappointment over China’s imposition of 55% beef duties
Sunseed prices in Ukraine are rising again following oil prices, but will be limit...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon