China imports more edible vegetable oil at higher cost
[2008-7-28]
Tag : vegetable
China imported more edible vegetable oil at higher cost in thefirst five months of this year, as demand remained strong at homeand prices were buoyed up by short supplies worldwide.
Between January and May, China imported 3.57 million tons of ediblevegetable oil, a year-on-year increase of 11.1 percent. Thearrivals were valued at 3.98 billion U.S. dollars, up 94.7 percent,the General Administration of Customs said on Friday.
The import price averaged 1,114 U.S. dollars per ton, up 75.2percent.
The total imports included 2.07 million tons of palm oil, up 23.4percent, and 1.13 million tons of soya-bean oil, up 7.7 percent.The two combined to make up 89.6 percent of the total.
Most of the edible vegetable oil imports came from ASEAN members,which accounted for 2.33 million tons, or 65.2 percent, of thetotal.
Customs sources attributed the growing imports to strong demand andlimited production at home. Last year China consumed around 22.5million tons of edible vegetable oil but only produced 9 milliontons.
The supply gap was widened by natural disasters. The severe winter weather in southern China and the May 12earthquake damaged vast plots of farmland sown to rape seed, thusaffecting domestic production of rapeseed oil.
China imported more edible vegetable oil at higher cost in thefirst five months of this year, as demand remained strong at homeand prices were buoyed up by short supplies worldwide.
Between January and May, China imported 3.57 million tons of ediblevegetable oil, a year-on-year increase of 11.1 percent. Thearrivals were valued at 3.98 billion U.S. dollars, up 94.7 percent,the General Administration of Customs said on Friday.
The import price averaged 1,114 U.S. dollars per ton, up 75.2percent.
The total imports included 2.07 million tons of palm oil, up 23.4percent, and 1.13 million tons of soya-bean oil, up 7.7 percent.The two combined to make up 89.6 percent of the total.
Most of the edible vegetable oil imports came from ASEAN members,which accounted for 2.33 million tons, or 65.2 percent, of thetotal.
Customs sources attributed the growing imports to strong demand andlimited production at home. Last year China consumed around 22.5million tons of edible vegetable oil but only produced 9 milliontons.
The supply gap was widened by natural disasters. The severe winter weather in southern China and the May 12earthquake damaged vast plots of farmland sown to rape seed, thusaffecting domestic production of rapeseed oil.
Related News »
In Focus »
Chemical Restricted
Engaging in concept of environmental protection for the Green Olympics, the chemical industry ..
- U.S. team to provide all Olympic ..
- Investors eye coal-to-oil conversion ..
- Chemical education in need of reform
B2B Keywords:
International market Chinese Importer Wholesale trade Wholesale products World trade Wholesale distributors International trade Foreign trade Wholesale distributor Importers Import export business Sell online Help u sell Global trade How to market a product Online supplier Wholesale product
International market Chinese Importer Wholesale trade Wholesale products World trade Wholesale distributors International trade Foreign trade Wholesale distributor Importers Import export business Sell online Help u sell Global trade How to market a product Online supplier Wholesale product
Feature Products»
Hot Products: A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | 0-9
-
-
About Us -
Links -
Privacy Policy -
Terms of Use -
Site Map -
Contact Us -
Call Center: 0086-95105561 © 2007 Tootoo.com -
