China Raises Forecast Of 2020/21 Edible Oils Imports

China raised its forecast on imports of edible oils in 2020/21 marketing year, on increase of palm oil and sunflower oil shipments, the country’s agriculture ministry said on Monday. China’s 2020/21 edible oils imports were seen at 10.23 million tonnes, up 900,000 tonnes from last month’s forecast, the Ministry of Agriculture and Rural Affairs said in its monthly crop report.

Estimates on output, planting acreage and imports of corn, soybeans and cotton in the 2021/22 year remain unchanged from a month ago, according to the ministry.
Source: Reuters (Reporting by Hallie Gu and Shivani Singh; Editing by Edmund Blair)


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