Salad oil shortage: Taiwan Sugar and other factories increase production by 4,400 tons per month to meet market demand

The shutdown of Zoomlion Oil has caused a supply shortage of salad oil in the domestic market. Minister of Economic Affairs Gong Mingxin stated today (9th) that three domestic companies, including Tatongyi, Changhui and Taiwan Sugar, have increased production, adding a total of 4,400 tons of salad oil supply per month. The Ministry of Economic Affairs has also coordinated with oil product importers to expand imports by 5,000 tons in the fourth quarter to supplement market demand.

Gong Mingxin attended the "2026 Little Giant Award, New Venture Award, Small and Medium Enterprise Innovation Research Award and Female Entrepreneurship Elite Award Joint Award Ceremony" today. Gong Mingxin pointed out in his speech that there are about 1.71 million small, medium and micro enterprises in the country, accounting for about 99% of the total number of industrial companies, creating more than 80% of job opportunities. Taiwan's economic growth rate this year is as high as 12%. In addition to high-tech industries, there are also contributions from small, medium and micro enterprises.

Gong Mingxin also explained the recent shortage of oil products in the market. In order to stabilize the supply of the domestic salad oil market, the Ministry of Economic Affairs continues to actively coordinate the expansion of domestic production capacity and strengthen supply and demand matching. Three domestic companies, including Tongyi, Changhui and Taiwan Sugar, have increased production, adding a total of 4,400 tons of salad oil supply per month. Starting from December, an additional 700 tons of supply per month are expected to continue to supplement market demand.

In terms of imports, Gong Mingxin pointed out that the import tariff on salad oil will be reduced from 5% to duty-free for 6 months starting from October 1 to encourage importers to expand the import of salad oil. Currently, the Ministry of Economic Affairs has coordinated with oil product importers to expand imports by 5,000 tons in the fourth quarter, including 1,100 tons imported in October, 2,000 tons imported in November, and 1,900 tons imported in December.

Gong Mingxin continued that sufficient quantity is not enough, but also that people in need can purchase it. The Ministry of Economic Affairs assists food businesses in need to obtain salad oil through the supply and demand matching mechanism. As of the end of October, the Ministry of Economic Affairs has matched a total of 89 companies in catering, canned food, cake fillings, and campus group meals to supply 1,842 tons of salad oil. The Ministry of Economic Affairs will continue to match both parties in the future to relieve the supply pressure of salad oil.