EU increased its imports of rapeseed meal due to increased supplies from Russia and Belarus

Published 2024년 4월 15일

Tridge summary

In the first eight months of the 2023/24 period, the European Union saw a significant 16% increase in rapeseed meal imports, reaching 681.5 thousand tons, with imports from the Russian Federation growing by 11%, making Russia the top supplier. This increase is part of a broader effort by the EU to reduce its reliance on imported feed protein, notably by substituting soybean meal with more cost-effective rapeseed meal in animal feed. The rise in imports from Belarus and Ukraine also contributed to this trend, especially as Belarusian exports became more attractive due to lower meal prices amid concerns over potential EU import duty increases on oil crops. This shift aligns with the Union for the Promotion of Oil and Protein Plants (UFOP)'s “10+10” strategy, aimed at enhancing the cultivation of large-grain legumes within the EU to further decrease dependency on imported feed protein.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

During the first 8 months of 2023/24, the EU Ministry of Agriculture, against the background of attractive price levels, increased the import of rapeseed meal (especially from the Russian Federation) by 16% to 681.5 thousand tons, which is 95.6 thousand tons higher than the corresponding indicator of the previous season. Own processing of rapeseed does not satisfy the needs within the EU, so it is necessary to import rapeseed meal from third countries. At the same time, the import of meal from the Russian Federation increased in comparison with the previous season by 11% to 281.83 thousand tons, which is 41% of the total volume of imports. Another 208.2 thousand tons of meal were delivered from Belarus, which became the second largest supplier of rapeseed meal to the EU. Against the background of the European Commission’s intention to increase the import duty on oil crops and their processing products in order to avoid destabilization of the European market, prices for meal in ...

Source: UkrAgroConsult