The EU has increased the import duties on vegetable oils by 10 percent from the beginning of the season.

From the beginning of the current agricultural season, which started on July 1, to December 16, the European Union member states have collectively reduced the import of vegetable oils by 10% compared to the same period last season to 2,356 million tons, according to data from the European Commission. However, the differences for individual products are enormous. Sunflower oil imports have plummeted by 33% to 776,500 tons, while palm oil has decreased by 12% to 1,354 million tons. At the same time, soybean oil imports have surged by 155% to 286,100 tons, and rapeseed oil imports by 96% to 225,200 tons. Almost all sunflower oil imports into the EU this season have been provided by ...