Imports of palm oil to the EU have decreased

Published 2024년 8월 5일

Tridge summary

Overall, the European Union, led by Italy, the Netherlands, and Spain, imported significantly less palm oil in the 2023/2024 season compared to the previous year, with Italy seeing a 40% decrease and Spain experiencing a 61% drop. This decline is primarily due to changes in biofuel production and regulations, including the exclusion of palm oil from the greenhouse gas limit in Germany and concerns about dumped biodesel from China. The Union for the Promotion of Oil and Protein Crops (UFOP) is backing the European Commission's proposal for anti-dumping duties on Chinese biodiesel and calls for changes to the Renewable Energy Directive (RED) to eliminate the double counting of biodiesel from waste oils.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Italy is the largest importer EU Member States imported significantly less palm oil in the 2023/2024 season than in the previous year. According to the Union for the Promotion of Oil and Protein Crops (UFOP), approx. 3.3 million tons were imported, i.e. approx. tons, i.e. by 19%. less than in the previous year. As UFOP reported, citing data from Agrarmarkt Informations-Gesellschaft (AMI), Italy was the most important recipient of palm oil among the EU-27 with an import volume of 1.2 million tons; It was reduced by about 40%. more than in the 2022/2023 season. In second place is the Netherlands with 979,300 tonnes. However, last year's volume of 1.2 million tonnes was exceeded by 19%. Spain with a huge drop According to the financing union, when it comes to imports from the Netherlands, it should be noted that ports such as Rotterdam and Amsterdam are central hubs for foreign imports and are considered entry points into the EU, from where palm oil is supplied to other EU member ...
Source: Farmer.pl

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