The European Union harvested the third-largest soybean harvest in history this year

Published 2023년 11월 26일

Tridge summary

The EU had a soybean harvest of 2.7 million tons, but this is not enough to replace imports of soybean and soybean meal supplies. The EU heavily relies on imported soybeans to meet its protein needs, with the majority being used for animal feed. However, there is a growing interest in soybean production in Europe, and efforts are being made to increase locally produced soybeans to reduce dependence on foreign imports.

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

Original content

Despite difficult weather conditions, the expansion of soybean acreage in the EU led to a harvest of 2.7 million tons. However, this quantity is not enough to carry out import substitution for soybean and soybean meal supplies from abroad. The AgroXXI.ru portal has read an article by German agricultural analyst Dr. Olaf Zinke, published in the German online agricultural publication Agrarheute.com, in which the expert assesses the ratio of soybean production in the EU to consumption: “The EU has the third largest soybean harvest to date was collected from the fields in 2023, although the conditions were far from ideal - the expansion of the sown area played a role. The soybean harvest in Germany is also historically the largest, so the country is in 8th place in the soybean-growing top ten EU member countries. Graphics by: © Olaf Zinke. However, even a very good 2023 harvest of 2.7 million tons is just a drop in the bucket compared to the consumption of about 16 million tons of ...

Source: Agroxxi