EU countries reduced imports of vegetable oils by 20%

Published 2023년 5월 24일

Tridge summary

From July 2022 to mid-May 2023, EU countries imported 20% less vegetable oils than the previous year, totaling 5.7 million tons. This includes a 20% decrease in palm oil, a 15% decrease in sunflower oil, a 12% decrease in soybean oil, and a 34% decrease in rapeseed oil. The reduction in imports was attributed to increased domestic production. Additionally, there was a significant increase in the import of sunflower seeds, rapeseed, and soybeans.

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Original content

For the period from July 2022 to mid-May 2023, EU countries imported 20% less vegetable oils than in the same period 2021-2022. In general, they imported 5.7 million tons of this product, KazakhZerno.kz reports. According to the European Commission, 3.5 million tons of palm (-20%), 1.5 million tons of sunflower (-15%), 409.6 thousand tons of soybean (-12%) and 357.4 thousand tons of rapeseed (-34%) oils. Over the past ten and a half months, vegetable oils were imported from such countries to the EU as Ukraine, Argentina, Belarus, Indonesia, and Malaysia. The decrease in the volume of purchases of oils abroad was due to large volumes of imports of raw materials from the EU countries. They bought it for their own processing plants and produced the ...

Source: Kazakh-zerno