SunSirs: EU Palm Oil Imports Decrease 18%
May 19 2025 14:29:14 SunSirs (Selena)
According to EU data, the import volume of palm oil has significantly decreased by 18% since the beginning of 2024/25 compared to the same period last year. This downward trend clearly reflects the long-term constraint of the European Union's Renewable Energy Directive (RED II) on palm oil demand.
The import volume from major supply countries has all declined, with a significant decrease of 24% from Indonesia, 16% from Malaysia, and 36% from Guatemala.
Specifically, as of May 11, 2025, the European Union imported 770,000 tons of palm oil from Indonesia in 2024/25 (from July to June of the following year), an increase of 10,000 tons from a week ago and a decrease of 23.8% from 1.01 million tons in the same period last year. Indonesia's share in the total palm oil imports of the European Union has also decreased from 33.4% last year to 31.1%.
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