Chinese Purchases Of Russian Vegetable Oil Up 16% Year on Year
Russia became the top supplier to China of vegetable cooking oils in the last agricultural year, with exports up 16% over the previous 12 months. The global market has increased demand for Russian rapeseed oil, partially due to a worsening situation with imported canola supplies to China due to an ongoing China-Canada trade conflict, and the sluggish pace of Australian raw material arriving at Chinese oil mills as an alternative procurement channel
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