Updates on Oils and Fats Scenario in China
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.