Since January 1, 2013, according to the Notice on Further Strengthening the Inspection and Supervision of Imported Edible Vegetable Oil, no imported edible vegetable oil that fails to meet China's current national standards for food safety after inspection is allowed to be imported. Quality standards for palm oil imports will be tightened. There had been much talk that strict new import rules would sharply reduce palm oil imports. In fact, at present, the import volume is not significantly reduced, but now palm oil prices are depressed by high spot stocks.

, cic advisory ecological-economic researcher Zheng Yujie said in an interview with the international business newspaper reporter, the implementation of the new rules still have certain effect on the importing palm oil market, at present the reason for this reduction in imports hasn't mainly because, on the one hand, the implementation of the new rules require certain transition, its enforcement is have certain effect on the increase or decrease in imports, Export enterprises have also made some measures to deal with the new regulations. On the other hand, increased palm oil consumption at the end of the year also kept palm oil imports somewhat stable.

Zheng Yujie said, now, some domestic enterprises in order to avoid imports, as a result of the new rules, which affect the normal operation of enterprises, thus increased the quantity of palm oil imported at the end of the year, make China's palm oil inventories remain high, so the recent domestic imports of palm oil or will be dropped, because it takes time to digest the inventory. "With the deepening of policies, enhanced enforcement and standardization, the import volume of palm oil will remain stable to a certain extent." Zheng Yujie said.

Zheng Yujie told reporters that the implementation of the new rules is intended to provide support for domestic palm oil prices, but its effect has not yet been shown, the future of the new rules will provide a certain support for the development of the domestic palm oil industry. National relevant departments to strengthen supervision inspection on imported edible vegetable oil is mainly out of consideration for food safety issues, edible vegetable oil is the necessity of People's Daily life, the number of imports of edible vegetable oil in our country in recent years has maintained in rose sharply, while imports of chemical products pollution residues phenomenon occurs frequently, a serious threat to people's life safety, Strengthening its detection is beneficial to protect the vital interests of the public.

There is also news that the export of crude palm oil will be restricted in 2013, and China will be forced to purchase refined palm oil at a relatively higher price, which will support the domestic palm oil price.

In this regard, Zheng Yujie believes that the international crude palm oil exports are limited, the introduction of new domestic regulations to strengthen the management of palm oil imports, which is a good news for domestic palm oil producers, will have a certain support role for domestic palm oil prices. However, in the long run, due to the impact of economic development, domestic and foreign demand decline, domestic palm oil inventory is high, palm oil prices may be weak for a period of time.