China’s Palm Oil Demand to Drop as Cheaper Alternatives Rise, Analysts Say

China palm oil supply guarantees top Jakarta farm talks as Beijing also seeks rubber and bird’s-nest access, rice R&D, and deeper ties.
Large-scale agriculture in China's Hebei Province. China palm oil supply guarantees top Jakarta farm talks as Beijing also seeks rubber and bird’s-nest access, rice R&D, and deeper ties. Image: AFP

By Bernadette Christina and Ashley Tang

China’s demand for palm oil is expected to further decline this year as the country shifts to cheaper canola and soybean alternatives, palm oil traders and analysts said on Monday.

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by Reuters

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