EU soybean meal imports will reach record levels in MY 2024/25
German analysts at Oil Word forecast that European Union countries will import a record 22 million tons of soybean meal in MY 2024/25, up 3.6 million tons from the previous season. From October 2024 to March 2025, imports of the product are up 28% year-on-year. Argentina remains the main supplier, accounting for about 80% of supplies.
The high demand for soybean meal is due to limited supply and rising prices for rapeseed and sunflower meal. EU imports of these alternative meal types are expected to decline to 3.1 million tons. At the same time, domestic EU meal production will fall to its lowest level in three years at 33.7 million tons, 0.9 million tons less than last year. Partial growth in soybean processing will not compensate for this downgrade.
Despite the decline in production, consumption of vegetable fractions in the EU will grow by 2.3 million tons due to the recovery of the meat industry.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Sunflower meal supplies to China increased fourfold in March
Argentina to cut wheat production by a quarter in MY 2026/27
Brazil considers used cooking oil imports to expand SAF production
Ukraine and Saudi Arabia agree to deepen cooperation in food security
North American wheat market grapples with adverse weather conditions
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon