EU dependence on Russian and Belarusian rapeseed meal amounts to 0.5 million tons

Published 2024년 6월 10일

Tridge summary

Ukraine has increased its market share in the EU rapeseed meal market to 20% (137 thousand tons) in the July-March 2023/24 marketing year. Meanwhile, Russia and Belarus met 70% of the EU's needs with total supplies of about 0.5 million tons. The European Commission has approved a move to increase tariffs on imports of grain, oilseeds, and processed products from Russia and Belarus, effective July 1, 2024, leading to questions about how the EU will make up the shortfall in the new season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In July-March 2023/24 MY, Ukraine managed to double its share in the EU rapeseed meal market to 20% (137 thousand tons). At the same time, Russia and Belarus together covered 70% of the EU's needs. According to the European Commission, the total supplies of rapeseed meal from the Russian Federation and Belarus to the EU in July-March 2023/24 MY amounted to about 0.5 million tons. But finally, after several months of consideration, the EU signed an increase in tariffs on imports of grain, oilseeds and processed products from ...
Source: Zol

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