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China's food ingredients supply chains get off to good start in Q1

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China

China's food ingredients supply chains get off to good start in Q1

2025-05-22 11:05 Last Updated At:15:07

China's food ingredients supply chains got off to a good start in the first three months of 2025 as food ingredient enterprises have started to rebuild their trade channels to enhance supply chain resilience, according to the Food Ingredients Supply Chain Association of the China Federation of Logistics and Purchasing (CFLP).

In the first quarter, China's agricultural imports contracted, while exports rose 6.8 percent year-on-year.

The association said that the export markets of China's companies engaged in food ingredients supply have become more diversified amid a challenging external environment.

From the perspective of exports, a clear trend towards market diversification is evident. An increasing number of enterprises are shifting their focus from traditional European and American markets to emerging markets such as the Regional Comprehensive Economic Partnership (RCEP) member countries, the Middle East, and Latin America, reducing dependence on a single market.

Simultaneously, they are continuously optimizing overseas warehousing networks to further shorten the trade cycle and enhance delivery efficiency.

"From the perspective of imports, our enterprises are also adopting a multi-regional procurement strategy to hedge against trade fluctuation risks. At the same time, many of our enterprises are accelerating the establishment of regional procurement centers overseas, forming a multi-hub raw material procurement system, transforming a singular cross-border supply chain into a radial regional supply network," said Cui Zhongfu, chief economist at the China Federation of Logistics and Purchasing.

China's food ingredients supply chains get off to good start in Q1

China's food ingredients supply chains get off to good start in Q1

China's first domestically designed and built integrated large-scale fracturing vessel was delivered on Tuesday in Zhoushan City, east China’s Zhejiang Province.

The vessel, codenamed Haiyang Shiyou 696, will soon be deployed to offshore oilfields in remote waters, including in the Bohai Sea, to carry out hydraulic fracturing operations aimed at boosting productivity from low-permeability and low-mobility seabed oil and gas reservoirs.

Large-scale fracturing vessels are considered key engineering equipment for efficiently developing such offshore resources. The delivery of Haiyang Shiyou 696 fills a gap in China's offshore oil and gas fracturing technology and engineering equipment, and is expected to enhance the country's offshore energy development capacity and energy security.

"We have also equipped the vessel with China's first offshore intelligent decision-making command center for fracturing operations. The system enables real-time data collection, online analysis and AI-assisted decision-making throughout the fracturing process, upgrading operational decisions from experience-based judgment to data- and AI-driven scientific assessment," said Zhang Ming, chief drilling and completion engineer at the Bohai Oilfield Research Institute of China National Offshore Oil Corporation (CNOOC)'s Tianjin branch.

China's first integrated large-scale fracturing vessel officially delivered

China's first integrated large-scale fracturing vessel officially delivered

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