The forecast of import of vegetable oils to China for the current season exceeded 12 million tons

Analysts of USDA in the new report raised the forecast of import of vegetable oils to China in a season 2019/20 to 12,31 million tons that considerably exceeds the September forecast (11,64 million tons) and result of last season (11,38 million tons). Most considerably the forecast on palm-oil import – from 6,7 million tons grew to 7,2 million tons. Forecasts on soy (from 1,1 million tons to 1,2 million tons) and rape to oils (from 1,5 million tons to 1,55 million tons) are also increased. The reason of increase in purchases vegetable oils becomes favorable to China a trade environment. Besides, USDA assumes that in a season 2019/20...