U.S. is now the EU's main supplier of soya beans

The European Commission has published the latest figures on EU imports of soya beans, showing that the U.S. has become Europe's main supplier of this commodity, reaching a 52% share compared to 25% in in the same period last year.

To monitor the evolution of trade in soya beans, President Juncker put in place a reporting mechanism according to which imports from the United States increased by 133% compared to the same period in the previous year (July-mid-September 2017).

Compared to the first 12 weeks of the 2017 marketing year (July to mid-September), EU imports of soya beans from the United States are up by 133% at 1,473,749 tonnes. At the time of the first reporting issued on 1 August 2018, and covering the first five weeks of the current marketing year, imports amounted to 360,000 tonnes, corresponding to a 280% year-on-year increase;

In terms of the EU's total imports of soya beans the U.S. share is now at 52%, compared to 25% in in the same period last year. This puts the U.S. ahead of Brazil (40%), the EU's second main supplier, followed by Canada (2.3%), Paraguay (2.3%) and Uruguay (1.7%).

Background

The EU currently 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 US happen to be a very attractive feed option for European importers and users thanks to their competitive prices.