In the new 2024/2025 season, EU countries will increase the production of soybean meal

Published Jun 19, 2024

Tridge summary

The EU relies heavily on imports to meet its soybean meal demand, producing only 63% of the required 50 million tonnes domestically. Soybean meal, which makes up 60% of total consumption and 80% of imports, is primarily supplied by Brazil. Rapeseed meal, with minimal imports, accounts for 30% of consumption, while sunflower meal represents the smallest share at 10% consumption and 13% import. In the 2023/2024 season, EU soybean meal imports hit a five-year low, with Brazil's supply share rising to 63% and Ukraine's to 3%.

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

Original content

Oily meals in the EU She noted that the EU is a net importer of soybean meal, as it has large consumption volumes - approximately 50 million tonnes, and its own production covers approximately 63%. total demand. At the same time, soybean meal accounts for the lion's share of total imports - about 80%. However, the total consumption of soybean meal in the EU is 60%. According to the analyst, rapeseed meal constitutes approximately 30 percent. total consumption, but its import is the smallest (because the EU produces almost all the amount needed for consumption at home). Sunflower meal has the smallest share in total consumption - 10%. and about 13 percent import. According to the expert, in the 2023/2024 season, imports of soybean meal to the EU were the lowest in 5 years, almost 1 million tons less than ...

Source: Farmer.pl