Russia: EU countries have seriously reduced imports of oilseeds

Published Nov 24, 2023

Tridge summary

EU countries have reduced imports of oilseeds by 23 percent in the 2023-24 agricultural year, with a significant decline in sunflower purchases. The reduction in oilseed supplies from Ukraine played a major role in this decrease. However, soybean imports increased slightly. The decline in oilseed imports from Ukraine can be attributed to the conflict between Ukraine and Eastern European countries, as well as difficulties with supplies after Russia's withdrawal from the grain deal.

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

Original content

EU countries have reduced imports of oilseeds in the 2023-24 agricultural year (in this case, began in July of this year) by 23 percent to 6.34 million tons. The APK-Inform news agency writes about this with reference to data from the European Commission. According to them, sunflower purchases fell the most - by 85 percent, from 309,690 to 166,500 tons. The main role in this was played by the reduction in oilseed supplies from Ukraine. They decreased very sharply - 1.01 million to 26 thousand tons. At the same time, supplies to the countries of the rapeseed bloc also decreased over the same period, but only slightly – from 2.94 to 1.95 million tons compared to 2.94 million tons a year ago. Of these, 1.22 million again came from Ukrainian exporters. At the same time, soybean imports even increased slightly – from 4.19 to 4.23 million tons. In addition to Ukraine, which exported 286 thousand tons, 1.89 million were also supplied from the USA, 1.73 from Brazil, as well as 141 ...

Source: Rosng