EU soybean imports for 2024/25 season down 20% by Aug. 11, rapeseed imports up 55%

Published Aug 14, 2024

Tridge summary

The European Union's soybean imports for the 2024/25 season have decreased by 20% compared to the previous year, reaching 1.21 million tons by August 11. Rapeseed imports have increased by 55%, totaling 0.44 million tons, and soybean meal imports have also risen by 13% to 2.24 million tons. Palm oil imports, on the other hand, have decreased by 31%. Soft wheat exports from the EU have also seen a decrease of 22% compared to the previous year. Corn imports have increased by 19% from the previous year, totaling 2.42 million tons. Romania is the leading wheat exporter to the EU, followed by France, Germany, Bulgaria, and Lithuania.

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

Original content

Soybean imports into the European Union in the 2024/25 season, which began in July, reached 1.21 million tons by August 11, down 20% from 1.52 million tons a year earlier, data released by the European Commission on Tuesday showed. EU rapeseed imports during the same period totaled 0.44 million tons, up 55% from 0.29 million tons a year earlier. EU imports of soybean meal reached 2.24 million tons this season, up 13% from 1.99 million tons a year earlier, while EU palm oil imports totaled 0.29 million tons, down 31% from 0.42 million tons, the data showed. Soft wheat exports from the European Union from the start of the 2024/25 season in July to August 11 reached 3.09 million tons, down 22% from 3.96 million tons a year earlier, data released by the European Commission on Tuesday showed. EU barley exports totaled 1.15 million tons, down 21% from 1.46 million tons in the same period in 2023/24. However, the backlog of last season’s wheat and barley exports narrowed this month, ...

Source: UkrAgroConsult