EU rapeseed, sunflower oil imports up sharplyThis article is powered by The Public Ledger
Imports of rapeseed and sunflower oil by the EU-28 were up sharply during the first seven months of the current marketing year, the latest figures from the European Commission’s DG Agri showed.
Rapeseed imports for the period July 1, 2017 to January 2, 2018 rose by 26% compared with a year earlier to 1.950 million tonnes. Total oilseed imports during the period however were 7% lower at 8.316 mln tonnes, due to an 11% drop in soybean imports to 6.092 mln tonnes and a 51% slump in sunflower seed purchases to 273,609 tonnes.
Total oilmeal imports, meanwhile, were up by 8% during the first seven months of the season to 11.810 mln tonnes. Soymeal accounted for 85% of the total at 9.992 mln tonnes, 7% more than during the same period a year earlier. Sunflower meal imports also rose by 15% to 1.717 mln tonnes, while rapeseed meal purchases fell by 20% to 102,045 tonnes.
Finally, EU vegetable oil imports rose by 11% over the seven-month period on strong growth in sunflower oil imports (+44% to 890,341 tonnes), with palm oil imports also higher compared with a year earlier (+5% to 3.161 mln tonnes). Soyoil and rapeseed oil imports were both lower, down by 5% and 6% respectively.