CHINA OILS AND FATS MARKET MOVED TOWARDS HIGHER END RETAIL PRODUCTS
November 1st, 2014
Rising incomes and a continued tightening of food safety enforcement is boosting demand in China for commercial packaged oils, with consumers moving away from the bulk oils that have dominated past markets.Overall, while year-on-year growth in global oils and fats production has averaged 3% in each of the past two years vegetable oils sales in China will rise an average 16% per year in the period 2014-2018. That is according to projections by Euromonitor - a 79% jump in overall value of sales in China in that period.Imports of oils and fats have been growing at ...
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