PALM NEWS MALAYSIAN PALM OIL BOARD Friday, 10 May 2024

Total Views: 181
MARKET DEVELOPMENT
China to Adjust Imported Soyoil Quality Standard f
calendar04-08-2004 | linkFoodChina.com | Share This Post:

31/07/04 - According to the relevant sectors, the new standard for theimpurity content of the crude oil will be carried out from October 1 thisyear and the requirement for solvent residue content will be reduced byhalf, affecting the crude soyoil imports in the fourth quarter. Accordingto the overseas enterprises, the effects of the new standard on importedcrude soyoil will be great, making it more difficult to import edible oilsand the imports will decline, so the international traders are trying tofulfill the contracts before September and adopt a wait-and-see attitudeto the sales of crude soyoil for shipments after September. And thedomestic edible oil importers are worrying that signing new importcontracts will face greater risks.