China is the world’s most populous country with a population of over 1.3 billion. China consumed more than 32 million tonnes of oils and fats but produced only 22.8 million tonnes of oils and fats. The huge differences between production and consumption can only be met by imports. The country is now one of the leading importers of oils and fats in the world market, amounting to about 15% of the total oils and fats traded in the world market in 2011 (Table 1). Palm oil is one of the major oils and fats imported by China, accounting for about 64% of all oils and fats imported by China in 2011.
Keywords: MPOB PUBLICATIONS, MARKET DEVELOPMENT, PALM OIL, PALM OIL & OIL PALM INDUSTRY-China, STATISTICS, FORECAST