GAIN Report: Oilseeds in China 2008/2009

Good weather in Northeast China and other areas continue to solidify high expectations of a good harvest.

Total oilseeds production is expected to be six percent higher in marketing year 2008/09, while new soybean projections are significantly higher than last year.

High levels of imports and declining global oilseed product prices have recently led to a rapid decline in Chinese vegetable oil prices, with soybean oil experiencing a 21 percent price decline in the last month.