# China: Oil and Fats Review |         Global Oil & Fats Business Online – gofbonline.com

> China's state reserve auctioned about 3.4 million tonnes of rapeseed oil in 2016, priced below market, which undercut imported palm olein and soybean oil. Rapeseed imports also fell for a second year after a planned impurity rule was postponed and then suspended.

- Date: 2017-06-21 · published 2017-06-21T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/70459-china-oil-and-fats-review-global-oil-and-fats-business-online-gofbonline-com
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Cheap state-reserve oil displaced imported vegetable oils, reducing demand for palm and soybean oil and weighing on their prices.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: bearish ▼
- PALMOIL: bearish ▼
- SUNMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-02-18 | [Palm Oil Faces New EU Offensive \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/72508-palm-oil-faces-new-eu-offensive-global-oil-and-fats-business-online-gofbonline.md) | -0.9% | -5.4% |
| PALMOIL | 2019-06-24 | [Malaysian Palm Oil – Industry Overview \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/58470-malaysian-palm-oil-industry-overview-global-oil-and-fats-business-online.md) | -0.6% | -1.6% |
| PALMOIL | 2018-01-15 | [Market Updates – Issue 4, 2017 \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/67048-market-updates-issue-4-2017-global-oil-and-fats-business-online-gofbonline-com.md) | -0.8% | +0.3% |
| PALMOIL | 2018-03-21 | [Ban on palm oil to profit rapeseed and soy - Food & Agribusiness](https://feedsoft.ai/events/66096-ban-on-palm-oil-to-profit-rapeseed-and-soy-food-and-agribusiness.md) | +0.2% | +0.3% |
| PALMOIL | 2021-06-28 | [Palm falls as US court ruling stokes demand worries for rival soyoil - Markets - Business Recorder](https://feedsoft.ai/events/46659-palm-falls-as-us-court-ruling-stokes-demand-worries-for-rival-soyoil-markets.md) | +2.1% | +9.9% |
| SBO | 2018-01-15 | [Market Updates – Issue 4, 2017 \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/67048-market-updates-issue-4-2017-global-oil-and-fats-business-online-gofbonline-com.md) | -2.3% | -3.3% |
| SBO | 2021-08-25 | [Palm oil falls - Markets - Business Recorder](https://feedsoft.ai/events/45655-palm-oil-falls-markets-business-recorder.md) | -1.4% | -5.7% |
| SBO | 2025-06-01 | [Impact of Tariff Uncertainty on Global Oil and Commodity Prices](https://feedsoft.ai/events/10947-impact-of-tariff-uncertainty-on-global-oil-and-commodity-prices.md) | -2.3% | +5.8% |

## Sources

- gofbonline.com: https://gofbonline.com/china-oil-and-fats-review/4/
- gofbonline.com: https://gofbonline.com/china-oil-and-fats-review/6/
- gofbonline.com: https://gofbonline.com/eu-oils-and-fats-outlook/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.