Ukraine is among the leaders in supplying soybean, rapeseed and sunflower oil to the EU

From July 1, 2023 to March 27, 2024, the EU countries imported about 5.23 mln tonnes of vegetable oils, which is 1% higher than the level in the same period last season (5.15 mln tonnes). Such data were published by the analysts of the European Commission.

Thus, according to their estimates, imports of sunflower oil in the reporting period increased by 41% to 1.9 mln tonnes; soybean oil – by 12% to 421.9 thsd tonnes; rapeseed oil – by 8% to 362.7 thsd tonnes. At the same time, palm oil supplies, on the contrary, decreased by 18%, to 2.53 mln tons.

According to the EC, the main volumes of palm oil came to Europe from Indonesia (828.94 thousand tons). Soybean, rapeseed, and sunflower oil were most actively imported from Ukraine – 168.8 thousand tons, 127.5 thousand tons, and 1.78 million tons, respectively.

In addition, according to the European Commission, in the period under review, the countries of the bloc reduced the import of oilseeds by 21% to 13.83 mln tonnes. The supply of meal also dropped by 6% to 13.8 mln tons.

Tags: sunflower oil, soybean oil, palm oil, rapeseed oil, Ukraine