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EU imports of for US soyabeans doubles

EU imports of for US soyabeans doubles

EU imports of US soyabeans have doubled in the first half of 2018/19 compared to the previous marketing year, according to a recent report by Germany’s Union for the Promotion of Oil and Protein Plants (UFOP). ,EU imports of for US soyabeans doublesIn the first half of the 2018/19 marketing year, the EU imported 6.95M tonnes of soyabeans, an increase of 12% from the previous year. The USA remained the EU’s main supplier with volumes of US imports increasing to 5.2M tonnes this season from only 2.3M tonnes in the previous year, German market researcher, Agrarmarkt Informations-Gesellschaft mbH (AMI) said in the UFOP report. According to UFOP, US soyabean imports have increased so rapidly because of the ongoing trade war between the USA and China.

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