EU restrictions can be useful for Ukrainian rapeseed meal

Published 2024년 6월 16일

Tridge summary

The European Union (EU) is the primary importer of Ukrainian meal this season, accounting for 45% of exports, marking a 41% increase from the previous marketing year (MR) to September 2023/24. However, exports to China have decreased by 12%. The EU has imposed a safeguard duty of 95 €/t on most grain, oil, and processed products from Russia and Belarus, potentially impacting Russian meal exports to the EU and increasing competition in the Chinese market. As a result, Ukrainian sunflower meal exports to the EU could see an increase, while the new duty could also positively affect Ukrainian rapeseed meal exports to the EU, which is the main market for Ukrainian rapeseed meal, accounting for about 73% of sales.

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

Original content

This is reported by analysts of AI "APK-Inform". The main importer of Ukrainian meal this season remains the European Union with a share of 45% (39% in the previous MR). Export of meal in September - May 2023/24 MR in this direction increased by 41%, while to China decreased by 12%. It is noted that the EU has approved a "safeguard duty" that comes into effect on July 1, on the import of most grain, oil and processed products of Russian and Belarusian origin in the amount of 95 €/t of products imported to the EU. "In the oil sector, it can affect the meal markets the most. Export volumes of these products of Russian origin to the European Union were significant, and it will be quite problematic to reorient them to other markets. But given the geographical proximity to the global world importer — the Asian market, part of the volumes can be reoriented in this direction, in particular to China," experts explain. Thus, in the new season, competition on the Chinese market is expected ...

Source: AgroPortal.ua