Read this article in:

United States is Europe's main soya beans supplier

Imports of U.S. soya beans by the European Union increased by 121% over the current market year (July 2018 to mid-April 2019), compared to the same period in the previous year.

Wednesday 17 April 2019 (2 days ago)
1 Like

With a share of 72% of EU soya beans imports, the U.S. is today Europe's number one supplier. Conversely, Europe is the top destination of U.S. soya beans exports with 22%, followed by China (18%) and Mexico (9%).

Increasing trade in a number of areas and products, including soya beans, was one of the Joint Statement's objectives, as agreed between Presidents Juncker and Trump on 25 July 2018. The European Commission is following up on its commitment and has been regularly publishing figures on EU imports of soya beans from the United States. Today marks the fifth update report on trade of soya beans with the U.S.

  • Compared to the first 42 weeks of the 2017/2018 marketing year (from July to mid-April), in the current market year EU imports of soya beans from the U.S. are up by 121% at 8,244,594 tonnes;
  • In terms of the EU's total imports of soya beans, the U.S. share is now at 72%, compared to 36% in in the same period last year. This puts the U.S. well ahead of Brazil (21%), the EU's second main supplier, followed by Ukraine (2.3%), Canada (1.8%) and Paraguay (0.7%).

In January 2019, the Commission concluded that U.S. soya beans meet the technical requirements to be used in biofuels in the EU, a decision that creates the conditions for these exports to grow further by expanding its market opportunities in Europe.

The United States is also the most important origin for EU agri-food imports in general. The latest figures show that from February 2018 to January 2019, the value of agri-food imports from the U.S increased by 14%. This represents an increase in value of €1.5 billion, mainly due to the increase in imports of soya beans, soya bean oilcakes and several other products.

Background

The EU imports about 14 million tonnes of soya beans per year as a source of protein to feed our animals, including chicken, pigs and cattle, as well as for milk production. Soya beans from the U.S. happen to be a very attractive feed option for European importers and users thanks to their competitive prices.

Tuesday April 16, 2019/ EC/ European Union.
http://europa.eu/rapid

Article Comments

This area is not intended to be a place to consult authors about their articles, but rather a place for open discussion among pig333.com users.
Leave a new Comment

Access restricted to 333 users. In order to post a comment you must be logged in.

Not a registered user of 333?sign upand access swine prices, the search engine, ...
It is fast and free
Are you registered in 333?LOGINIf you've forgotten your password we'll send it to you here

tags

Swine News

Swine industry news in your email

You are not subscribed to this list

18-Apr-201912-Apr-201905-Apr-201929-Mar-2019

Log in and sign up on the list

Not a registered user of 333?sign upand access swine prices, the search engine, ...
It is fast and free
Are you registered in 333?LOGINIf you've forgotten your password we'll send it to you here