Vice Minister Ma Youxiang addressed the G20 Sustainable Vegetable Oils Conference held in Bali, Indonesia on Nov. 3, 2022 via video link.
Vice Minister Ma stated that the Chinese government attaches great importance to the sustainable development of the vegetable oils industry. China has implemented projects to increase production capacity of oil crops and employed a slew of green and sustainable patterns of production, including soybean-corn strip intercropping, grain-bean rotation farming and rice-oilseed rape rotation farming. All these efforts aim to increase the supply of vegetable oils in China.
China has been promoting technological innovation in agriculture to improve oil quality and increase the efficiency of oil crops production, emphasizing innovations in crop variety and machinery by incorporating smart agriculture into the production of vegetable oil crops. China is also committed to strengthening bilateral, regional and multilateral cooperation, and promoting trade facilitation and diversification, to increase the resilience and safety of the supply chain.
Vice Minister Ma put forward three proposals for the sustainable development of the global vegetable oils industry.
First, removing the barriers to global vegetable oils supply chain by facilitating sound and efficient resources allocation and easing tight supply globally;
Second, strengthening the exchanges on and sharing of experience in sustainable production practices, technology, diseases and pests control as well as soil improvement for oil crops production, to increase global supply capacity of vegetable oils; and
Third, intensifying cooperation in the supply and demand and price monitoring of vegetable oils as well as natural disaster early warning, particularly providing assistance to developing countries in the availability of agrometeorological services to mitigate the impact of natural disasters on agriculture.