CHINA China's land port sees surge in rapeseed imports

CHINA

China's land port sees surge in rapeseed imports

Xinhua

16:50, December 25, 2020

HOHHOT, Dec. 25 (Xinhua) -- The port of Erenhot in north China's Inner Mongolia Autonomous Region saw rapeseed imports surge 9.6 percent year on year to reach 176,000 tonnes in the first 11 months this year.

File photo: CFP

The import value amounted to 480 million yuan (73 million U.S. dollars), up 20.7 percent year on year, according to sources with the port, the largest land port on the border between China and Mongolia.

Inner Mongolia Dongxin Agricultural Technology Development Co., Ltd., the largest grain import processing enterprise in Erenhot, was established in 2019, utilizing Erenhot's geological advantage to process imported grain.

Rapeseed is mainly imported from Russia and Mongolia, said Hao Jun, general manager of the company, attributing the rise in rapeseed imports to both domestic market demand and the increased output among exporters.

The company also imports flaxseed and oats as well as other grain and oil products.

A bulk grain and oil transport railway linking China, Mongolia, Russia and Kazakhstan via Erenhot was built and a bonded warehousing and processing trade park for grain and oil became operational in 2018.


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