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Germany increases meal exports

Canola Meal & Rapeseed Meal

Soybean Meal

Agricultural By-products

Germany

Supply

Published Feb 5, 2024

Tridge summary

Germany has seen a significant increase in its exports of canola and soybean meal from July to November 2023, with the majority being sold to other EU countries. The country produced 783,000 tonnes of rapeseed meal, marking a 30% increase from the previous year, and 738,000 tons of soybean meal, an 8% increase. The Netherlands is the main buyer of both commodities, followed by Denmark. However, there was a 5% decrease in soybean meal exports to Denmark compared to the same period last year.

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

Original content

Exports of both canola and soybean meal increased significantly year-over-year from July to November 2023. The goods were mainly sold to other EU countries. According to the German Federal Statistical Office, Germany produced a total of 783,000 tonnes of rapeseed meal between July and November 2023, an increase of around 30% compared to the same period last year. Exports of soybean meal also increased during this period, although less significantly. With 738,000 tons, the Federal Republic delivered about 8% more than in July-November 2022. German rapeseed meal, according to a study by the Agricultural Market Information Society (MBH), is mainly exported to other EU countries. As in previous years, the main buyer is the Netherlands. From local ports, goods are then shipped around the world. From July to November 2023, approximately 333,900 tons were sold to the neighboring country. This is approximately 32% more than in the same period last year. In addition, almost 8% more - about ...

Source: Oilworld