The European Union has reduced imports of palm oil by almost 1.5 times since the beginning of July

Published 2022년 8월 26일

Tridge summary

Since July, the European Union (EU) has imported over 510 thousand tons of palm oil, marking a 42.9% decrease from the same period last year. The majority of the supplies, nearly 90%, came from five countries led by Indonesia as the main supplier with over 162.95 thousand tons. Malaysia followed in second place with 136.57 thousand tons, and Guatemala was the third largest supplier with 105.85 thousand tons. The top five suppliers also included Costa Rica and Colombia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Since the beginning of July, the EU countries have imported more than 510 thousand tons of palm oil (-42.9% compared to the same period last year) - almost 90% of supplies come from five key exporting countries. Such data are provided by analysts of the European Commission in their monitoring. It is noted that Indonesia became the main supplier of "palms" to the EU during the reporting period, exports from this direction amounted to over 162.95 thousand tons in the period from July 1 to August 21. This is 31.9% of the total number of shipments against 30.5% according to the results of the previous monitoring. Malaysia ranks second in the rating of European Commission experts, which sent more than 136.57 thousand tons of palm oil to the EU bloc countries (share - 26.8%, which is about 1.5% lower than ...
Source: Oilbranch

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