News

The EU reduced oilseed processing in April

Published May 22, 2024

Tridge summary

In April, the European Union processed over 3.33 million tons of oil crops, a 7% decrease from March, according to FEDIOL. Despite this decline, the first four months of the year saw a 4.9% increase compared to the same period in 2023, totaling 13.694 million tons. Soybean processing dropped by 15% in April but grew by 2.5% over the first four months to 4.738 million tons. Rapeseed processing decreased by 3% in April but increased by 4% over the first four months to 6.813 million tons. Sunflower processing grew by 3% in April and by 13% since the beginning of the year to 2.143 million tons.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Estimates by experts of the European Association of Vegetable Oil Producers (FEDIOL) indicate that in April the enterprises in the European Union processed slightly more than 3.33 million tons of oil crops, or by 7% less compared to March. For the first 4 months of the year, however, the result is positive - a growth of 4.9% compared to the same period of 2023 to 13.694 million tons. The decrease on a monthly basis is the largest in soybeans - by 15% to 1.157 million tons, although the processing of the oilseed crop maintains growth in the first 4 months of the year by 2.5% compared to the same period last year to 4.738 million tons . In the case of rape, the fluctuations are weaker - processing in the EU decreased by 3% in April compared to March to 1.632 million tons and a growth of 4% in the first 4 months ...
Source: Sinor
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