The European Union imports less palm oil

In the 2022/23 marketing year, the European Union imported just under 4 million tons of palm oil from third countries; this is 934 thousand tons, 19 percent less than the previous year. Referring to current data from the European Commission, the Union for the Promotion of Oil and Protein Crops (UFOP) announced that Spain was the most important importer of palm oil in the EU with 1.2 million tons in the period under review. Compared to 2021/21, this represents an increase of 4 percent. This put the Netherlands in second place, whose imports fell by 19 percent to 1.2 million tons of palm oil. Dutch ports act as hubs for onward delivery of goods to other EU countries. The country is also an important biofuel producer. The decline in palm oil imports from Italy was even more pronounced. The country is on the list with only 803,000 tons, importing about 38 percent less between July 2022 and June 2023 than in the same period last year. According to the data of Brussels experts, the ...