The EU increased the import of sunflower oil by 13 percent

Published 2024년 1월 1일

Tridge summary

Between July and December 2023, the European Union saw a 13% increase in sunflower oil imports compared to the previous year, with Ukraine being the main exporter. Import of soybeans and soybean meal remained almost unchanged, while deliveries of rapeseed from third countries in the community decreased by 27%. The European Commission also raised its forecasts for the supply and demand of oilseed crops in the EU for the 2023-2024 agricultural season, with increased estimates for production of sunflower and soybeans as well as consumption of sunflower and soybeans in the current season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Between July 1 and December 17, 2023, the member states of the European Union as a whole increased their imports of sunflower oil by 13% compared to the same period of the previous year to 1.05 million tons, according to data published by the European Commission. The main exporter of sunflower oil to the EU is Ukraine, which raised supplies by just over 16% compared to the same period in 2022 to 969,950 tonnes. However, the EC points out that there is no data on imports into Italy, which probably means an even stronger increase in sunflower oil imports into the community. At the same time, the import of soybeans into the EU during the specified period remained almost unchanged - 5.17 million tons compared to 5.15 million tons, and soybean meal decreased by 11% to 7.65 million tons. . Deliveries of rapeseed from third countries in the community decreased by 27% to 2.56 million tons. Meanwhile, the EC has raised its forecasts for the supply and demand of part of the oilseed crops in ...
Source: Sinor

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