China Oilseed, Vegetable Oil Imports Seen Reaching Record
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China’s oilseed and vegetable oil imports are forecast to climb to a record in 2012-13, boosted by demand for soybeans and palm oil, according to Oil World.
The country’s oilseeds imports may rise to 65.3 million metric tons in the year through September 2013 from 63.1 million tons in 2011-12, and vegetable-oil and fat imports may climb to 10.8 million tons from 9.98 million tons, the Hamburg, Germany-based industry researcher wrote in a report today.