European Union soybean imports grow 7% in 2024/25 harvest

Published 2024년 11월 27일

Tridge summary

Brazil has significantly increased its grain exports to the European Union, now accounting for nearly half of the bloc's total imports, with a figure of 2.46 million tons. There has also been a notable 25% rise in the EU's soybean meal imports, with Brazil contributing to 47% of this volume. Despite this, palm oil imports have seen a decrease of 18%. Other countries like Argentina have also been key suppliers for soybean meal. However, missing export data from Italy and incomplete information from France remain gaps in the overall export picture.

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Original content

Brazil has consolidated its position as the main supplier of grain to the European bloc, accounting for almost 50% of total imports, with 2.46 million tons. In the same period of the previous harvest, the country had exported 1.7 million tons to the EU, equivalent to 37.6% of the bloc's total purchases at the time. In addition, EU imports of soybean meal grew by a significant 25% year-on-year, totaling 7.64 million tons. Brazil accounted for almost half of this volume, followed by Argentina, which supplied 38.9% of the total. In the case of canola, imports from the bloc totaled 2.40 million tons up to November 24, marking an 8% increase compared to the same period of the previous harvest. On the other hand, external purchases of palm ...

Source: Portal Do Agronegocio