Trade and markets
 

Detail

Area
China (Mainland)
Commodity Group
Oilseeds, oils and meals
Commodity
Soybean oil
Date
01/08/2017
Policy Category
Trade
Policy Instrument
Import policy
Description
Agreed to resume imports of soybean oil from Argentina, as part of comprehensive bilateral talks on balancing trade between the two countries.
Notes
As part of comprehensive talks on balancing trade between the two countries, China agreed to resume imports of soybean oil from Argentina. China’s state-owned grain corporation Sinograin confirmed it was ready to purchase soybean oil from the world’s top supplier. China started restricting imports from Argentina on phytosanitary grounds in 2010, when annual purchases dropped from 2 million tonnes to less than 500 000 tonnes.