According to EU data, the total import volume of soybean meal in the EU has increased by 24% year-on-year since 2024/25, with imports from India surging more than eight times.

Brazil remains the top supplier of soybean meal to the European Union, with imports of 8.17 million tons as of May 11, 2025 An increase of 270,000 tons compared to a week ago and a 2.3% increase from 7.99 million tons in the same period last year (an increase of 2.7% last week). But its share has decreased from 60.8% last year to 50.2%.

Argentina is the second largest supplier, with a quantity of 5.84 million tons, an increase of 110,000 tons from a week ago and an increase of 117% from 2.69 million tons in the same period last year; The share has significantly increased from 20.5% in the same period last year to 35.8%, benefiting from the recovery of Argentina's production and the decrease in export taxes.

Ukraine, the third largest supplier, supplied 780,000 tons, an increase of 20,000 tons from a week ago and a 75% increase from 440,000 tons in the same period last year; The share increased from 3.4% to 4.8%.

The EU also imported 540,000 tons of soybean meal from India, an increase of 20,000 tons from last week and 838% from 58,000 tons in the same period last year, with a share of 3.3%, higher than 0.4% in the same period last year.

Overall, the EU has imported 16.29 million tons of soybean meal so far in 2024/25, an increase of 520,000 tons from a week ago and a 24% increase from the same period last year. The EU imported 15.7 million tons of soybean meal in 2023/24, a year-on-year decrease of 2%.

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