European Union soybean imports so far in the 2023/24 season that started in July had reached 2.69 million metric tons by Sept. 24, up 2% compared with 2.64 million a year earlier, data published by the European Commission showed on Tuesday.
EU rapeseed imports in the same period totalled 825,643 tons, down 41% against 1.41 million a year earlier.
Soymeal imports totalled 3.51 million tons, down 2% from 3.57 million a year ago, while palm oil imports stood at 821,115 tons, a 9% decrease versus 902,142 a year earlier.
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The European Commission listed the following five largest supplier countries to the EU per product so far in 2023/24, with year-on-year comparisons:
SOYBEANS 2023/24 2022/23
Origin tons share tons share
Brazil 1,446,785 53.7% 1,387,312 52.5%
USA 1,064,373 39.5% 907,697 34.3%
Ukraine 87,835 3.3% 132,224 5.0%
Uruguay 31,140 1.2% 106,544 4.0%
Canada 27,554 1.0% 66,774 2.5%
RAPESEED 2023/24 2022/23
Origin tons share tons share
Ukraine 421,557 51.1% 811,567 57.7%
Australia 188,759 22.9% 482,768 34.3%
Moldova 152,393 18.5% 37,613 2.7%
Serbia 49,102 5.9% 21,791 1.5%
United Kingdom 8,105 1.0% 7,891 0.6%
SOYMEAL 2023/24 2022/23
Origin tons share tons share
Brazil 2,404,203 68.4% 1,984,243 55.6%
Argentina 612,011 17.4% 1,231,065 34.5%
USA 163,705 4.7% 24,161 0.7%
Paraguay 161,167 4.6% 92,887 2.6%
Ukraine 37,662 1.1% 54,220 1.5%
PALM OIL 2023/24 2022/23
Origin tons share tons share
Indonesia 322,737 39.3% 283,358 31.4%
Malaysia 164,494 20.0% 204,650 22.7%
Guatemala 111,813 13.6% 183,425 20.3%
Honduras 74,323 9.1% 42,687 4.7%
Papua New Guinea 42,101 5.1% 66,312 7.4%
Source: Reuters (Reporting by Gus Trompiz, Editing by Sybille de La Hamaide and Alison Williams)
