According to the estimates of the industrial association Fediol, in April, the volume of processing of major oilseeds (soybeans, sunflower and rapeseed) in the EU countries amounted to 3.33 mln tonnes, which is 0.04 mln tonnes less than the previous month but exceeds the figure of April 2022 (3.17 mln tonnes).
In particular, the volume of soybean processing last month is estimated at 1.23 mln tonnes, up 4% compared to the previous month (1.19 mln tonnes), but down 7% compared to April 2022 (1.32 mln tonnes).
At the same time, the EU decreased the volumes of rapeseed processing by 2% to 1.63 mln tonnes (+20% compared to April 2022).
As for sunflowers, in April, the EU processed 477 thousand tonnes of the crop (-8% month-on-month, -2% year-on-year).
In general, since the beginning of 2023, the EU has processed 13.16 mln tonnes of oilseeds (13 mln tonnes in January-April 2022), including 4.66 mln tonnes of soybeans, 6.55 mln tonnes of rapeseed and 1.96 mln tonnes of sunflower.
More up-to-date information on the EU oilseed market will be presented during the VegOil Trade conference to be held on June 8-9 in Rotterdam.
Source: Apkinform