Import Data News
- Nation to import more soybeans, palm oil
Date: 22-Nov-2007 Sources: (Shenzhen Daily)
CHINA, the world's biggest vegetable oil consumer, will import more soybeans and palm oil to meet growing demand after local farmers reduced oilseed plantings, bolstering prices that have risen by half this year.
China's imports would account for 45 percent of international soybean trade volume in the year to Sept. 30, 2008, Wang Yinji, deputy general manager of Cofco Ltd., said yesterday in Guangzhou. That's almost twice as much as the 25 percent of trade China's imports accounted for seven years ago.
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