China tightens control over rapeseed oil imports from Russia and Kazakhstan
Chinese importers are reducing new purchase contracts for rapeseed oil from Russia and Kazakhstan amid increasingly complicated customs clearance procedures and heightened scrutiny over GM-related issues. Market participants report that buyers are taking a cautious, wait-and-see approach as regulatory risks grow.
As of February 26, according to Maksym Minenko, Business Development Director for China at Europack, the premium for crude rapeseed oil in East China stands at 350–550 yuan over the May futures contract. In Chengdu, premiums are around 500 yuan for May delivery.
The main reason behind the slowdown in contracting is stricter customs control and the reported detection of significant volumes of rapeseed oil from Russia and Kazakhstan that, according to the Chinese side, contain GMs. This increased regulatory attention is creating additional uncertainty for traders and importers.
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
AmSpec – Partner of BLACK SEA GRAIN.KYIV-2026
Romania Emerges as a Strategic Pillar in the EU Rapeseed Supply Shift
Africa’s interest in agro-processing creates an opportunity for Ukraine to develop...
High soybean yields in Brazil pose challenges for the US market
Pakistan faces potential wheat shortage amid war and drought
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon