중국 오일 및 지방 인사이트

China's pork output fell 0.8% year-on-year in the third quarter of 2024, marking the third consecutive quarter of decline.

Building on two decades of progress, the Roundtable on Sustainable Palm Oil (RSPO) has called for more focused efforts to scale innovation and drive transformative changes in the palm oil sector. The RSPO’s Annual Roundtable Conference (RT2024), supported by Thailand’s Ministry of Agriculture and Cooperatives, was held in Bangkok from November 11-13, as preparations for the RSPO 2024 Standards were underway.

China’s demand for palm oil products in 2024 is estimated to drop 30% from a year earlier as high prices make it less attractive than soyoil and vegetable oil demand has stagnated,an executive at Cargill’s Chinese unit said. Benchmark Malaysian palm oil prices have gained over 30% so far this year amid falling output in top producer Indonesia and bullish sentiment over its plan to widen its biodiesel mandate, which may take away supply for export markets. “This is the first year in many years that soybean oil is so cheap versus palm for extended period of time in China … both in the cash market and also in the futures market,” Ryan Chen, a director at Cargill Investments (China) Ltd, told the Indonesian Palm Oil Conference in Bali on Friday. Cash refined soybean oil is about 1,000 yuan ($139.92) per metric ton cheaper than refined, bleached, deodorized (RBD) palm oil in the main palm oil consuming regions in South China, Chen said. Soybean oil for the January contract on the Dalian