Domestic soybean oil supply is expected to be less than demand

Introduction: at present, the soybean oil terminal market demand has not yet started in all regions However, with the approaching of the festival, the demand for small packaging goods before the Spring Festival will be stronger, and the supply of bulk soybean oil sold by large and medium-sized oil plants in all regions will be increasingly tight In terms of supply, to make up for the market supply, China needs to purchase a large number of imported soybean oil from abroad every year to meet domestic demand However, since October 1 this year, the number of soybean oil imports has declined sharply due to new standards and seasonal demand decline According to statistics, from October to December 2004, China's soybean oil imports decreased by 225000 tons compared with the same period last year It is predicted that the soybean oil inventory in China will decrease from 560000 tons at the end of 2003 to 350000 tons at the end of 2004 The soybean oil import and output in the domestic market will not meet the demand.