EU imports 18 times more sunflower seeds than a year ago

19-Aug-2022 - Germany

The European Union imported significantly more sunflower seeds in July 2022 than in the same month last year. The volume increased from around 14,000 tons to about 260,000, the Union for the Promotion of Oil and Protein Plants (UFOP) announced Wednesday, citing EU data. Ukraine was the most important supplier, with a market share of 93 percent, it said.

The import of rapeseed has also risen sharply, according to the figures. In July 2021, for example, almost 287,000 tons were still supplied from third countries, while in the same month this year it was a good 491,400 tons. Australia had the largest share with about 78 percent.

Ukraine followed with about ten percent and had reduced its market share by only 2 percentage points compared to the same period last year.

Foreign trade in rapeseed and sunflower seeds had changed, but not as much as expected, the industry association added. Ukraine is considered the most important supplier of oilseeds, oil meals and especially sunflower oil, it said.

Due to the Russian war against Ukraine, significantly restricted exports had been expected. According to the association, the current data show that larger volumes had come from Ukraine than had been forecast: "It is therefore not possible to speak of a slump in deliveries across the board."

However, European imports of sunflower oil have declined, according to the association, although not as much as feared. In July 2022, the EU received only about 126,000 tons, compared to about 137,000 tons in the same month last year./svv/DP/nas (dpa)

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https://www.yumda.com/en/news/1177368/eu-imports-18-times-more-sunflower-seeds-than-a-year-ago.html