Lang
China's vegetable oil imports experienced a notable reduction of 14.9% in the first half of 2026 compared to the same period last year, totaling 2.7 million tons, according to official data from Chinese customs.
This overall decrease was primarily driven by lower inbound shipments of soybean oil. The reduced flow of these essential commodities from international markets has intensified expectations of tighter vegetable oil availability within China's domestic market, consequently providing a bolstering effect on spot prices.
Palm oil, which remains a key component of China's vegetable oil import portfolio, is also feeling the impact of the broader import decline. Industry observers anticipate that this trend will lead to constrained domestic supplies of palm oil, contributing to upward price support for this commodity in China.
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Source: UkrAgroConsult