Ukraine ranked first in the supply of rapeseed, sunflower and soybean oil to the EU

Published Dec 11, 2020

Tridge summary

The European Union's imports of major edible oils, including soybean oil, rapeseed oil, and sunflower oil, have seen variations in the 2020/21 marketing year. Specifically, soybean oil imports increased by 4%, rapeseed oil decreased by 4%, and sunflower oil imports surged by 14% compared to the previous year. Ukraine has emerged as the leading supplier of these oils, holding the top spot for rapeseed oil and sunflower oil exports to the EU. It is also among the leading suppliers of soybean oil. The EU's imports of these oils are contributed by other countries like Russia, Belarus, Canada, Serbia, Moldova, Russia, and Morocco. This shift underscores the dynamic trends in Europe's agricultural trade, with Ukraine playing a significant role in the market.

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

Original content

Since the beginning of the 2020/21 marketing year, the European Union has imported 235,895 thousand tons of soybean oil (4% more than in the previous year), 135,887 thousand tons of rapeseed oil (down 4%) and 747,423 thousand tons of sunflower oil (by 14% less than last year). And Ukraine during the reporting period took first place among suppliers of these products to the EU. This is evidenced by the weekly report of the European Commission. Thus, our country exported 48,358 thousand tons of rapeseed oil to EU countries (35.6% of all imports of these products). The second place among importing countries is occupied by the Russian Federation from 38,343 thousand tons (28,2%), on the third Belarus - 26,594 thousand tons (19,6%), on the fourth Canada - 12,105 thousand tons (8,9%), on the fifth Serbia - 6,275 thousand tons (4.6%). Ukraine has also been a major supplier of sunflower oil to EU countries since the beginning of the season. During this period, it shipped 662,396 thousand ...

Source: Agrotimes