3000 tons of Brazilian soybean oil is being shipped to China

Lead: a ship carrying 3000 tons of Brazilian soybean oil left for China on January 12 and is expected to arrive at Chinese ports by the end of February, trade and industry sources said on Wednesday There have been rumours that China will issue a duty-free soybean oil quota in early January, but there are few signs that the government will announce a new license as the rules are still under discussion The amount of Brazilian soybean oil shipped to China does not mean much to the balance of supply and demand, but it may be a bet that Chinese importers get quotas Soybean oil imports from the U.S and Argentina are expected to slow sharply after China begins to implement more stringent genetically modified policies After the implementation of the new policy on March 20, importers will not be able to obtain safety certificates in a short period of time In recent weeks, several ships of soybean oil imported from abroad have arrived at Chinese ports, according to sources Now these are all stored in bonded warehouses Brazil's soybean oil ship is likely to follow the same plan, waiting for low tariffs to be released "We all know that China will import a lot of soybean oil this year, and the price of soybean oil in the domestic market will inevitably be depressed," said a local analyst in Beijing He predicted that those who were the first to sell imported soybean oil in the domestic market would be profitable GM policies, in particular, will complicate the outlook for soyoil imports, as importers may not be allowed to import soyoil from U.S or Argentine vessels That's why some importers are keen to import soybean oil from Brazil, the analyst said (author:) share to feed Weibo share to: