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Edible vegetable oil: China's edible vegetable oil production in 2022/23 is 30.76 million tons, an increase of 190,000 tons from the previous month's estimate, mainly due to an increase in the import volume of rapeseed and minor oilseed products, and a slight decrease in the import volume of peanuts, driving rapeseed Oil production is raised by 50,000 tons to 7.5 million tons, peanut oil is lowered by 20,000 tons to 3.31 million tons, and other small vegetable oils are raised by 160,000 tons. The import volume of edible vegetable oil was 9.94 million tons, an increase of 1.31 million tons from the previous month's estimate. The main reason was that the import volume of small vegetable oils such as palm kernel oil and babassu palm fruit oil greatly exceeded expectations. At the same time, the import volume of palm oil, sunflower oil, rapeseed Oil imports have also been increased to varying degrees.
This month’s forecast predicts that China’s edible vegetable oil production in 2023/24 will be 30.47 million tons, an increase of 220,000 tons from the previous month’s forecast. This is mainly due to the larger-than-expected increase in peanut production, which has led to an increase in peanut oil production to 3.62 million tons. Edible vegetable oil imports and consumption remained unchanged from last month's forecast. Since the sowing of rapeseed, the farmland soil moisture in most production areas has been suitable, and the meteorological conditions have been favorable for sowing rapeseed. As of the end of October, rapeseed in the Yangtze River Basin is in the fifth true leaf stage from sowing and emergence, and some areas in the southwest have entered the transplanting survival period; the development period of rapeseed in most areas is close to the same period of the year or 3-6 days earlier.: China's edible vegetable oil production in 2022/23 is 30.76 million tons, an increase of 190,000 tons from the previous month's estimate, mainly due to an increase in the import volume of rapeseed and minor oilseed products, and a slight decrease in the import volume of peanuts, driving rapeseed Oil production is raised by 50,000 tons to 7.5 million tons, peanut oil is lowered by 20,000 tons to 3.31 million tons, and other small vegetable oils are raised by 160,000 tons. The import volume of edible vegetable oil was 9.94 million tons, an increase of 1.31 million tons from the previous month's estimate. The main reason was that the import volume of small vegetable oils such as palm kernel oil and babassu palm fruit oil greatly exceeded expectations. At the same time, the import volume of palm oil, sunflower oil, rapeseed Oil imports have also been increased to varying degrees.
This month’s forecast predicts that China’s edible vegetable oil production in 2023/24 will be 30.47 million tons, an increase of 220,000 tons from the previous month’s forecast. This is mainly due to the larger-than-expected increase in peanut production, which has led to an increase in peanut oil production to 3.62 million tons. Edible vegetable oil imports and consumption remained unchanged from last month's forecast. Since the sowing of rapeseed, the farmland soil moisture in most production areas has been suitable, and the meteorological conditions have been favorable for sowing rapeseed. As of the end of October, rapeseed in the Yangtze River Basin is in the fifth true leaf stage from sowing and emergence, and some areas in the southwest have entered the transplanting survival period; the development period of rapeseed in most areas is close to the same period of the year or 3-6 days earlier.
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