EU. Import-export of grains, oilseeds, vegetable oil, meal as of 01/07/24.

Published 2024년 1월 10일

Tridge summary

European Union soybean imports for the 2023/24 season have increased slightly compared to the previous year, while rapeseed imports have decreased. Russia remains the key supplier of rapeseed meal to the EU, with other significant exporters including Belarus and Ukraine. Sunflower meal imports from Ukraine have decreased, while Argentina has increased its supply to the EU. Overall, the EU has imported almost 200 thousand tons more of sunflower and rapeseed meal in the current season compared to the same period last year.

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

Original content

European Union soybean imports for the 2023/24 season, which began in July, reached 6.00 million metric tons by Jan. 7, up from 5.96 million a year earlier. Imports of rapeseed into the EU for the same period amounted to 2.84 million tons, compared to 3.97 million a year earlier. Soybean meal imports amounted to 7.54 million tons versus 8.60 million a year earlier, and palm oil imports amounted to 1.76 million tons versus 2.04 million a year earlier. *data on imports to Italy is missing since December 20. Since the beginning of July, Russia has exported over 453.7 thousand tons of sunflower and rapeseed meal to the territory of the European Union, which is more than 16% higher than the level in the same period last year (388.96 thousand tons). The Russian Federation remains the key supplier of rapeseed meal to the EU in the current agricultural year - 197.063 thousand tons (share - 39.2%) against 136.887 thousand tons (39.3%) in 2022/23 MY. The leading exporters of this product ...

Source: Oilworld