The EU almost 1.5 times increased imports of sunflower oil

In the period from July 1 to September 24 of this year, the EU countries imported more than 3.57 mln tonnes of major oilseeds, which is 25% lower than the level of the same period last season.

According to the monitoring data of the European Commission, during the reporting period, the EU imported 2.69 mln tonnes of soybeans (+2% yoy), over 825 thsd tonnes of rapeseed (-41%), and 55.1 thsd tonnes of sunflower seeds (-92%).

Brazil, the US, Australia, Uruguay, Canada, and Ukraine became the main suppliers of these products to Europe in almost 3 months. Smaller shipments of oilseeds also came from Serbia, Moldova, Argentina and China.

Against the backdrop of reduced purchases of raw materials, EU countries increased oil imports by 12% (from July 1 to September 24, 2023). For example, imports of soybean oil increased to 187.7 thsd tonnes (+98% yoy), sunflower oil – to 553.3 thsd tonnes (+42%), rapeseed oil – to 120.95 thsd tonnes (+4%). However, the supply of palm oil dropped to 821.11 thsd tonnes (-9%).

Indonesia, Malaysia, Guatemala, Ukraine, Belarus, and Argentina supplied the most oil to the EU in the reporting period.

Tags: sunflower oil, EU