echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Active Ingredient News > Feed Industry News > The import of genetically modified rapeseed should be cautious

    The import of genetically modified rapeseed should be cautious

    • Last Update: 2008-11-03
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Introduction: Recently, the Ministry of agriculture officially approved the import of overseas genetically modified rapeseed, which seems to be good news for domestic oil processing enterprises eager to find the source of goods However, some experts believe that the international price of rapeseed will run at a high level for a long time in the future, and the enterprises should import appropriate amount according to the actual demand At the first national rapeseed Trade Fair held in Jingzhou City, Hubei Province, many experts and market participants made judgments on the demand and price trend of rapeseed at home and abroad this year The general view is that the domestic oil supply is generally tight this year, and the import demand is still large According to the statistics of the Ministry of agriculture, in the first two months of this year, China imported 197000 tons of rapeseed and 80000 tons of rapeseed, both of which are significantly higher than the same period of last year Liu Zhongxiu, an analyst at the information center of the Ministry of agriculture, predicted that China's rapeseed output this year will be about 6.5 million tons, and the gap between domestic production and demand is equivalent to that of the previous year, which needs to be made up by imports However, in recent years, the global oil supply is also in short supply, resulting in high prices At this time, it is not cost-effective for domestic enterprises to choose to import rapeseed Bu Mingxing, general manager of Tianyi technology, a large-scale rapeseed processing enterprise in China, fully agrees with Liu Zhongxiu According to him, the profit of processing domestic rapeseed will be about 300 yuan more than that of importing one ton Even if the domestic rapeseed oil and rapeseed meal fall to 7000 yuan / ton and 1500 yuan / ton respectively in the future, the enterprise's squeezing profit is still not poor based on the purchase price of new rapeseed of 3000 yuan / ton Liu Zhongxiu said that the intended planting areas of soybean in the United States and canola in Canada are expanding this year, and it is expected that after the northern hemisphere oilseeds are listed in the fourth quarter, the international oil and edible oil market prices will fall significantly It is suggested that domestic enterprises should import carefully in the second and third quarters, and try to digest the high price products imported in the early stage It is not too late to import a large number of products in the fourth quarter.
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.