Liu Jingliang, head of the Beijing Yuquan Road Market Information Center, told a reporter from Jinghua Times that although large quantities of soybeans are produced in China's northeastern region, the local supply is insufficient to meet the country’s overall demand. As a result, most of the soybean oil consumed in China relies on imported soybeans, including genetically modified varieties.
According to Liu, about 90% of the soybean oil sold in the wholesale market comes from genetically modified (GM) soybeans. A 5-liter barrel of GM soybean oil is typically around 10 yuan cheaper than its non-GM counterpart. "In our wholesale chain, price is the main factor," he said. "Non-GM soybean oil is more expensive, so no one buys it, and we don’t sell it either."
When asked how consumers can distinguish between GM and non-GM soybean oil, Liu explained that in December 2011, the Ministry of Agriculture issued the "Transgenic Clear Paper," stating that genetically modified foods that have passed safety evaluations are safe for consumption. The regulation also requires clear labeling of genetically modified products. According to Liu, GM soybean oil packaging usually features a visible GM logo, which consumers should look out for when making purchases.
It is reported that the cost of importing genetically modified soybeans, including tariffs and transportation, is approximately 8,100 yuan per ton. This price is about 200 to 800 yuan cheaper per ton compared to domestically produced soybeans.
According to recent statistics, the current state of China's edible oil market shows that the combined output of four major oils—soybean oil, rapeseed oil, palm oil, and peanut oil—reached 19.848 million tons, accounting for 88.5% of total edible vegetable oil production. Among them, soybean oil production was 11.602 million tons, representing 51.7% of the total output. This highlights the dominant role of soybean oil in China's domestic edible oil market.
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