EU soybean acreage expected to expand substantially in the coming decade
Soybean planted area in the EU will increase to 1.3 Ml ha by 2030 against 1 Ml ha in 2019, according to the European Commission.
The reason is strengthening demand for soybean meal due to a rise in pork supplies from the European Union to China (2.7 MMT in 2019, 4 MMT by 2022, according to the European Commission’s forecasts).
As before, the main oilseed in the EU is rape, which is best suitable for crop rotation in EU countries and attractive as a non-GM ingredient in feed formulas, reports UkrAgroConsult.
More information is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative platform AgriSupp by UkrAgroConsult. Agrisupp is a reliable analytical tool for agri market participants with historical and current market data, daily updates on grain, oilseed and pulses markets. We offer 7-days trial! Completely free!
Read also
Milling wheat will set price records in the new season
EU pork exports slightly down at the beginning of the year
About 18% of Ukraine’s agricultural land remains under occupation
Vegetable oil prices remain under pressure from increased supply of soybean oil
Sunflower oil stocks in Argentina will decrease at the start of 2024/25 MY
Write to us
Our manager will contact you soon