SunSirs: Argentina's Soybean Meal Exports to the European Union Increased by 200% Year-on-year
February 08 2025 14:48:07 SunSirs (Selena)
According to EU data, the import volume of soybean meal in the EU has increased by nearly 30% so far in 2024/25, as the surge in imports from Argentina offset the slight decrease in imports from Brazil.
As of February 2, 2025, the EU imported 5.54 million tons of soybean meal from Brazil in the 2024/25 fiscal year (July to June), accounting for 48.5% of the EU's total imports, lower than the 5.84 million tons and 65.5% of the same period last year, respectively.
The second largest supplier is Argentina, with the European Union importing 4.53 million tons of soybean meal from Argentina, an increase of 201% from 1.51 million tons in the same period last year; The share increased from 16.90% in the same period last year to 39.6%.
The third largest supplier is Ukraine, with a quantity of 410,000 tons, higher than the same period last year's 20,000 tons; The share increased from 3.3% to 3.6%.
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