EU increases imports of sunflower and rapeseed meal

Canola Meal & Rapeseed Meal

United States

Published Mar 8, 2024

Tridge summary

The European Commission has reported a 9% decrease in meal imports by EU countries from July 2023 to February 2024, largely due to a 13% drop in soybean meal imports. Despite this, there has been a rise in imports of rapeseed and sunflower meal by 22% and 6% respectively. The main suppliers of these meals were Brazil, Argentina, and the US for soybean meal, Russia and Belarus for rapeseed meal, and Ukraine and Russia for sunflower meal.

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Original content

EU countries from July 1, 2023 to February 28, 2024 reduced the volume of imports of meal to 12.14 million tons – it is 9% less than the level in the same period of the last agricultural year. Such data were published by the European Commission (EC) in its monitoring. It is specified that the decline in supplies occurred against the background of a decrease in imports of soybean meal – up to 9.63 million tons (-13% for the year). At the same time, imports of rapeseed and sunflower meal in the EU, on the contrary, increased – by 22% and 6%, to 625.935 thousand tons and 1.883 million tons, respectively. According to the EC, most of all soybean meal was supplied to Europe in the reporting period from Brazil – 6.17 million tons (share – 64.1%). Argentina follows with 1.73 million tons (18%), and the United States closes the three – 519.63 thousand tons (5.4%). Russia and Belarus remain the leaders in the structure of rapeseed meal exports to the EU – 256.16 thousand tons (40.9%) and ...

Source: UkrAgroConsult