EU. Analysis of oilseed complex import statistics

The EU imported 18.6 MMT of oilseeds from July 1, 2018 to June 30, 2019 (up 5% year-on-year), reports UkrAgroConsult.

Soybean imports increased to 14.1 MMT (up 8% from last season). Rapeseed and sunseed imports fell to 4.0 MMT (-2%) and 0.5 MMT (-4%), respectively.

Total meal imports dropped to 20.3 MMT (-6%): soybean meal down at 16.6 MMT (-6%) and sunflower meal down at 3.2 MMT (-10%). Rapeseed meal imports jumped by 140%, to 0.4 MMT.

Vegetable oil imports rose to 8.2 MMT (+2%): soybean oil up 51% at 0.4 MMT and rapeseed oil up 69% at 0.3 MMT. Imports of palm and sunflower oils remain stable at 5.9 MMT and 1.6 MMT, respectively.

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Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators – the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.

‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.

More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegoils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.

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