China's Rapeseed Oil Market from 2012 to 2016
China's Rapeseed Oil Market
The supply volume of rapeseed in China is estimated at 14.3 million tons in the year 2011/2012, which will remain the similar level compared with the year 2010 /2011, with domestic output reducing to 12.8 million tons and import volume of 1.5 million tons. The consumption of rapeseed to make oil is predicted at 13.8 million tons in this year, which will decline 100,000 tons than previous year, including 12.4 million tons domestic rapeseed and 1.4 million tons imported ones. However, most of insiders think that the actual output of domestic rapeseed will be below 12.8 million tons in this year and possibly about 11.5 million tons, the main reasons are that the plantation area is decreased and per unit area yield greatly goes down, which is caused by natural disaster in Anhui, Henan and northwest Hubei provinces. So the real supply and demand of rapeseed in China of this year should be slightly tight.
The new supply of rapeseed oil in China is estimated at 5.5 million tons in the year 2011/2012, among which are 5 million tons of domestic rapeseed and 500,000 tons of imported ones. The consumption of rapeseed oil in China is expected at 6.3 million tons this year, which will increase 800,000 tons than previous year. The annual gap is predicted at 810,000 tons and a little tight, but the gap will be compensated by the state reserves.
The domestic consumption of Chinas rapeseed oil was about 5.5 million tons in the year 2010-2011, which increased 1 million tons compared with previous year, and the total demand of this year was 5.5 million tons or so, with estimated annual surplus of 400,000 tons, which was basically somewhat bear.
China's Rapeseed Oil Market
The supply volume of rapeseed in China is estimated at 14.3 million tons in the year 2011/2012, which will remain the similar level compared with the year 2010 /2011, with domestic output reducing to 12.8 million tons and import volume of 1.5 million tons. The consumption of rapeseed to make oil is predicted at 13.8 million tons in this year, which will decline 100,000 tons than previous year, including 12.4 million tons domestic rapeseed and 1.4 million tons imported ones. However, most of insiders think that the actual output of domestic rapeseed will be below 12.8 million tons in this year and possibly about 11.5 million tons, the main reasons are that the plantation area is decreased and per unit area yield greatly goes down, which is caused by natural disaster in Anhui, Henan and northwest Hubei provinces. So the real supply and demand of rapeseed in China of this year should be slightly tight.
The new supply of rapeseed oil in China is estimated at 5.5 million tons in the year 2011/2012, among which are 5 million tons of domestic rapeseed and 500,000 tons of imported ones. The consumption of rapeseed oil in China is expected at 6.3 million tons this year, which will increase 800,000 tons than previous year. The annual gap is predicted at 810,000 tons and a little tight, but the gap will be compensated by the state reserves.
The domestic consumption of Chinas rapeseed oil was about 5.5 million tons in the year 2010-2011, which increased 1 million tons compared with previous year, and the total demand of this year was 5.5 million tons or so, with estimated annual surplus of 400,000 tons, which was basically somewhat bear.
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