EU increases imports of sunflower and rapeseed meal

EU countries from July 1, 2023 to February 28, 2024 reduced the volume of imports of meal to 12.14 million tons – it is 9% less than the level in the same period of the last agricultural year. Such data were published by the European Commission (EC) in its monitoring.

It is specified that the decline in supplies occurred against the background of a decrease in imports of soybean meal – up to 9.63 million tons (-13% for the year). At the same time, imports of rapeseed and sunflower meal in the EU, on the contrary, increased – by 22% and 6%, to 625.935 thousand tons and 1.883 million tons, respectively.

According to the EC, most of all soybean meal was supplied to Europe in the reporting period from Brazil – 6.17 million tons (share – 64.1%). Argentina follows with 1.73 million tons (18%), and the United States closes the three – 519.63 thousand tons (5.4%).

Russia and Belarus remain the leaders in the structure of rapeseed meal exports to the EU – 256.16 thousand tons (40.9%) and 184.695 thousand tons (29.5%) respectively. In addition, over 139.6 thousand tons of the product were shipped from Ukraine (22.3%).

Ukrainian and Russian suppliers sent the most sunflower meal to the EU since July 1 – 722,000 tons (38.3%) and 455,166 thousand tons (24.2%), respectively. Argentina, in turn, sold to the European market 433.5 thousand tons (23%) of sunflower meal.

Tags: EU, soybean meal, sunflower meal