In 2016/17 MY, China to increase the consumption volumes of vegetable oils – Agritel

In 2016/17 MY, China will continue increasing its consumption volumes of vegetable oils, which will become higher than the domestic production in the country, declared the representative of Agritel International, Oleksandra Suslova on October 27 during her speech at the international conference "Fat-and-Oil Industry - 2016" in Odessa.

In particular, in the season-2016/17 the domestic consumption of sunflower oil in China will total 1.325 mln tonnes. Therefore, the country will have to import nearly 0.85 mln tonnes of the products, said the expert.

Also, she reminded about the leading role of Ukraine as sunflower oil supplier to China.

Thus, in 2015/16 MY Ukraine exported nearly 620 thsd tonnes of sunflower oil to China, or nearly 13% of the general exports of the product from the country. Thus, last season China became the second largest country-importer of Ukrainian sunflower oil (after India) by volume, added O.Suslova.