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CNGOIC China will reduce the import of seed arapca in the 2016/17 season
According to the forecast of analysts of the National information center of grain and oil crops of China (CNGOIC), in the 2016/17 season the country will reduce imports of rape seeds by 14% compared to the previous season
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Predictive value of import of rape seeds settled at around 3.8 million tons, according to Reuters.

The decrease in purchases of oilseeds due to the protracted negotiations between China and Canada in the maximum allowable content of impurities in the canadian canola, which slowed the import of oilseeds to China.

It is worth noting that, according to experts, China is stepping up purchases of the oilseed in January 2017 due to the high margin processors, which is due to rising prices for rapeseed oil and meal on the domestic market.



Translated by service "Yandex.Translation"
Источники: Agro2b
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