The European Union has reduced imports of soybean meal from the beginning of the 2023-24 agricultural year

Soybean Meal

Argentina

Published Mar 8, 2024

Tridge summary

From July of the previous year to February end, EU countries have seen a 13% decrease in soybean meal imports, down to 9.63 million tons. However, there has been an increase in the purchases of sunflower and rapeseed meal by six and 22 percent respectively. The main suppliers of these meals are Russia and Ukraine, with the majority of all supplies coming from Brazil, followed by Argentina and the USA.

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Original content

From the beginning of the current agricultural year (July of the last calendar year) to the end of February, EU countries reduced the volume of soybean meal imports to 9.63 million tons. OleoScope reports this with reference to data from European Commission specialists. This is 13 percent less than the same period of the last agricultural year. At the same time, purchases of sunflower and rapeseed meal by the bloc countries, on the contrary, increased - by six and 22 percent to 1 million 883 thousand and 625 thousand 935 tons, respectively. There is no available data on the reasons for the increase or decrease in rates. Read also In January, Russia increased the production of unrefined sunflower oil The largest suppliers of sunflower meal were Russia and Ukraine, which since July last year have increased exports to 722 thousand and 455 thousand 166 tons (38.3 and 24.2 percent of all volumes). Argentina sent another 433,500 tons (23 percent share). Russia is ...

Source: Rosng