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The standard of soybean oil imported from China is increasingly strict

 Last Update: 2008-11-03
 Source: Internet
 Author: User

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Introduction: China will take measures to improve the quality of imported soybean oil It is reported that from October 1, China will implement higher import standards for soybean oil quality, mainly reducing the content of soluble residues in soybean oil to half of the original The average price of soybean oil in China rose 5.6% last month to 6550 yuan per metric ton This will put some pressure on suppliers in Brazil and Argentina now, because if they do not upgrade their processing equipment, they will not be able to meet this quality requirement In the first half of this year, China imported 1.4 million metric tons of soybean oil worth $850 million According to customs data, the number is more than twice that of last year The latest quality requirements may increase demand for products such as palm oil Soybean oil orders have started to lag as traders do not want to risk shipping and eventually being returned if they arrive after September 30 Traders are now trying to place orders before September 30, so that the quality of the goods does not meet the new standards and will not be returned

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