BRIEF-China's rapeseed imports expected to fall in 2016/17 -think tank

Published 2016-12-11, 10:55 p/m
BRIEF-China's rapeseed imports expected to fall in 2016/17 -think tank

BEIJING, Dec 12 (Reuters) - China National Grain and Oils Information Center said in a daily report:

* China will import 3.8 million tonnes of rapeseed in the 2016/17 season that ends in May, down by 14 percent from previous year's 4.4 million tonnes

* In first five months of the season from June-October, China imported 1.29 million tonnes of rapeseed, down 689,000 tonnes from last year

* The drop comes after a months-long trade dispute between China and Canada, the world's largest exporter of the yellow-flowering crop that curbed shipments into the Asian nation That spat ended in September

* While overall imports will drop, the report said buying will pick up in January fueled by good crushing margins and rising rape oil and rape meal prices since October

* Farmers in China are expected to cut their rapeseed acreage by 5 percent this autumn from last year

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