EU weekly soybean imports at 228,000 tonnes with year-to-date volumes down 1%

The European Commission released its latest set of data on the imports of soybean, soybean meal, rapeseed, sunflower oil and palm oil into the EU

Weekly soybean imports into the EU totaled 227,693 tonnes in the week ended Sunday June 23, according to initial data from the European Commission released on Tuesday June 25.

The biggest soybean importer over the week was Germany with 84,006 tonnes, followed by Spain with 74,474 tonnes and Italy with 47,832 tonnes.

The total soybean imports for the current marketing year stand at 12.77 million tonnes, down by 1% from a year earlier.

Spain (3.32 million tonnes), the Netherlands (2.99 million tonnes), Germany (2.30 million tonnes), Italy (2.11 million tonnes) and Portugal (866,531 tonnes) have been the main importers since the current marketing season began in July.

View our soybean prices

Soybean meal imports are down

Weekly soybean meal imports by countries in the economic bloc amounted to 244,729 tonnes.

Poland imported 57,722 tonnes of the weekly volume of soybean meal, followed by Greece with 25,910 tonnes, Denmark with 25,880 tonnes, Northern Ireland with 25,360 tonnes and Spain with 25,280 tonnes.

The cumulative volume since the beginning of the season is 15.33 million tonnes, down by 3% year on year, according to preliminary data.

Poland (2.84 million tonnes), the Netherlands (2.11 million tonnes), France (1.76 million tonnes), Spain (1.72 million tonnes) and Italy (1.34 million tonnes) are the top five importers of soybean meal since the start of the season.

View our soybean oil prices

Rapeseed imports have dropped

Imports of rapeseed into the EU totaled 134,688 tonnes in the week to June 23, pushing the total to 5.48 million tonnes for the marketing year, which is 26% lower than a year earlier.

Belgium booked the majority of the weekly volume, taking in 123,678 tonnes.

The major importers of rapeseed since July 2023 are Belgium (1.56 million tonnes), Germany (1.38 million tonnes), France (940,743 tonnes), the Netherlands (765,079 tonnes) and Greece (212,692 tonnes), according to the Commission’s report.

View our grains and oilseeds prices

Sunflower oil imports are up

Weekly sunflower oil imports totaled 52,316 tonnes, which brought the cumulative volume of imports since the beginning of the season to 2.68 million tonnes, 53% higher than a year earlier.

Spain (758,680 tonnes), the Netherlands (441,884 tonnes), Poland (421,245 tonnes), Italy (416,731 tonnes) and Bulgaria (146,218 tonnes) are the top five importers since the start of the season.

View our veg oils and meals prices

Palm oil imports have increased

Finally, imports of palm oil totaled 25,842 tonnes during the week, with Italy importing the most at 17,742 tonnes.

This has increased the total number of imports since the beginning of July to 3.26 million tonnes, which is 19% lower than last year.

The main importers since the beginning of the current season are Italy (1.14 million tonnes), the Netherlands (946,110 tonnes), Spain (483,373 tonnes), Germany (257,497 tonnes) and Sweden (104,427 tonnes).

View our palm oil prices

The Commission’s import data does not include Hungary’s imports because data from the country was not available between the end November 2023 and the end of May 2024.

What to read next
Early trade indications for renewable transport fuel certificates for the 2025 compliance year have surfaced for the first time, with initial bids suggesting values might be around parity or slightly discounted compared with current certificates
Brazilian soybean exports maintained a robust pace in July, surpassing last year's figures, while corn shipments faced challenges in keeping up with demand.
Germany's UFOP highlighted a global rapeseed supply shortage, urging increased planting in 2025 to meet demand amidst reduced production forecasts.
Black Sea sunflower oil prices have declined by 5% over the past 10 days after reaching season-high levels, trade sources told Fastmarkets on Thursday June 27
Fastmarkets has corrected its US, Brazil and China (US Gulf) soybean crush margins, which were published incorrectly on June 20.
Fastmarkets will not publish any price assessments for corn, soybean, Americas vegoils and meals, or US wheat, on Wednesday June 19.