EU soybean imports fall to 7.71 million tons as of March 12

imports of soy of the European Union in the 2022/23 campaign that began in July they fell to 7.71 million tons through March 12, compared to 9.63 million in the same week of the previous season, data published by the European Commission showed on Tuesday.

EU rapeseed imports so far in 2022/23 rose to 5.76 million tonnes, up from 3.67 million tonnes on the same date last year.

Soybean meal imports in the same period totaled 10.88 million tons, compared to 11.65 million the previous season, while those of palm oil stood at 2.47 million tons, compared to 3.65 million from 2021/22.

The Commission noted that it continues to have problems compiling German and Italian grain trade figures.

Export data submitted by Germany from November may be inaccurate following the country’s switch to a new declaration system, while for Italy import data was only available until the end of November, he noted.

Source: Reuters