EU reduces palm oil imports

Published 2024년 1월 26일

Tridge summary

Since July 1, 2023, Indonesia has reduced its palm oil exports to the European Union by approximately a third, from 890.42 thousand tons to 601.95 thousand tons, yet it remains the largest exporter of palm oil to Europe. Malaysia, the second largest exporter, has slightly increased its shipments. Other significant exporters include Guatemala, Honduras, and Papua New Guinea. Overall, the EU's palm oil purchases have decreased by 14% since the start of July compared to the same period last year.

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

Original content

Indonesia has reduced the volume of palm oil sales to the European Union. According to the European Commission, supplies to the EU since July 1, 2023 have fallen by about a third – from 890.42 thousand tons (40.2% share) to 601.95 thousand tons (31.7%). At the same time, the country still remains the largest exporter of “palm” to Europe. At the second position of the ranking is Malaysia, which, on the contrary, slightly increased shipments – from 453.86 thousand tons (20.5%) to 456.75 thousand tons (24%). Following Guatemala, local exporters shipped 330.45 thousand tons (17.4%) to the EU, compared to 362.8 thousand tons (16.4%) in the same period last crop year. Among the key buyers are also Honduras and Papua New Guinea ...

Source: UkrAgroConsult