Palm Oil Developments No.62 (June 2015) p15-20

Updates on Oils and Fats Scenario in China

Yoong Jun Hao and Ooi Cheng Keat

In the late 1970s, China started to move from a closed and centrally planned economy system to a price-driven and market-oriented economy system. As a result, China became the world’s major trader in goods in 2014. The reforms brought huge development in the industrialisation and the modernisation of the country. Modernisation also brought in modern concepts and technologies to the people in the country. Issues such as trans-fat free, low saturated fat and low contaminants in food processing have become new challenges for the oils and fats market in China. In brief, the people in China today are not only getting food to satisfy hunger, but they are also looking at quality food for a healthier life.

Author information:
* Malaysian Palm Oil Board (MPOB),
6 Persiaran Institusi, Bandar Baru Bangi,
43000 Kajang, Selangor, Malaysia.

** Palm Oil Research and Technical Service Institute of Malaysian Palm Oil Board (PORTSIM),
Technical Advisory Services,
China Regional Office, Level 2, No. 18,
Lane 88, Yuanshan Road Xinzhuang Industrial Park,
Minhang Shanghai,
201108, P.R. China.