China has approved the import of rapeseed meal from Kazakhstan that diversifies sources of animal feed proteins, the Reuters news agency reported on December 10 citing the Chinese Customs Service.
Due to the trade dispute, Beijing is now making efforts to reduce its dependence on soybeans from the U.S., which was the second biggest supplier of this product.
In particular, China has also approved the import of rapeseed meal from India. Lu Yun, an analyst with Shanghai JC Intelligence Co Ltd. believes the supplies from Kazakhstan will not influence China’s market because their volume will be insignificant.
As mentioned earlier, import of Kazakh barley was approved by China in November, reports UkrAgroConsult.
Production of all oilseeds in Ukraine is expected to increase this year