Ukraine is increasing the supply of meal to the EU

Published Aug 26, 2024

Tridge summary

The European Commission has reported a slight 1% increase in the volume of agricultural meal imports for the current season compared to the previous one, totaling at 1% more than the previous season's volume. The import structure has seen a notable shift, with a significant 18% rise in sunflower meal imports, whereas soybean and rapeseed meal imports have decreased by 2% and 3% respectively. Ukraine has emerged as a more dominant supplier, contributing 11% to the total meal imports to the EU, marking a substantial increase from 5% in the previous season. The EU has imported over 2.1 million tons of meal from Ukraine, marking a doubling of imports for soybean meal and a 2.1-fold increase for rapeseed meal, and a 14% rise for sunflower meal. Concurrently, Ukraine's total meal exports to the EU have surged by 36% to 2.92 million tons, with notable increases in the exports of rapeseed meal, sunflower meal, and soybean meal.

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

Original content

This indicator turned out to be only 1% more than the volume of imports of the previous season, reports "APK-Inform" with reference to the updated data of the European Commission. At the same time, the structure of imports recorded an increase of 18% compared to the previous season in the volume of imports of sunflower meal and a decrease of imports of soybean and rapeseed meal by 2% and 3%, respectively. There is also an increase in the volume of imports of meal from Ukraine and an increase in its share as the main supplier of these products. In particular, according to the results of the 2023/24 MR, according to the data of the European Commission, Ukraine provided 11% of all import batches of the main types of meal, delivering 2.1 million tons of these products to the EU countries. In 2021/22 MR, this indicator was only 5% (1.1 million tons). Compared to the indicators of 2022/23 MR, a 2.1-fold increase in the import of rapeseed meal from Ukraine (up to 148 thousand tons), by ...

Source: AgroPortal.ua