The European Union increases the import of vegetable oils

Published Nov 12, 2020

Tridge summary

The European Union and the UK have imported 3.047 million tons of vegetable oils over nineteen weeks of the current season, maintaining the same rate as the previous year, according to Grain On-Line agency. This includes 2.128 million tons of palm oil, which has increased by 1%, and 121.4 thousand tons of rapeseed oil, which has increased by 11%. Soybean oil imports also rose by 9% to 204.8 thousand tons. However, sunflower oil imports decreased by 7% to 594.4 thousand tons. Ukraine was the main supplier of sunflower and soybean oil, providing 91% and 38% of these imports respectively, while Indonesia and Malaysia were the main suppliers of palm oil, accounting for 44% and 22% of imports respectively.

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Original content

11/12/2020 The rates of vegetable oils import to the EU countries correspond to the last year, according to the Grain On-Line agency with reference to the European Commission. For nineteen weeks of the current season, the EU countries and the UK imported 3.047 million tons of vegetable oils, incl. 2.128 million tons of palm oil (+ 1% to the level of the previous season). Imports of rapeseed oil increased to 121.4 thousand tons (+ 11%), soybean oil - to 204.8 thousand tons (+ 9%). The volume of imports of sunflower oil decreased to 594.4 thousand tons (-7%). Ukraine provided ...

Source: Oilbranch