China may restrict foreign investment in edible oils sector
2011-05-05 11:17:30
China's newly amended Catalogue for the Guidance of Foreign Investment Industries may restrict foreign investment from the country's edible oil market to some extent. The new guidance is still not official as the government is looking for feedback before official publication. Once the newly amended catalogue is fully approved, foreign companies will not be allowed to enter the edible oil and fat processing markets including soybean, rapeseed, peanut and cottonseed. The newly amended catalogue also puts restriction on foreign companies' access to grain collection and storage. (Asia Pulse Pty)