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The EU crushed 39 million mt of oilseeds in 2024, marking the highest level in 13 years, the regional association of oilseeds crushers said Jan. 30. The EU also crushed a total of 14 million mt of soybeans during the year, the highest figure recorded in two years. Additionally, slightly over 6 million mt of sunflower seeds were crushed, also the highest in five years. In contrast, rapeseed crushing fell 2.6% to 18 million mt. February saw the largest volume of soybean crushing, with 1.35 million mt processed, followed by December at 1.34 million mt. Although the EU has seen an increase in the cultivation and crushing of soybeans, it still relies heavily on soybean meals supplied by Argentina and Brazil due to the limited amount of land available for soybean farming within the EU, making the EU the world’s largest importer of soybean meal. According to import data from the European Commission, domestically grown soybeans account for just over 2 million mt of the EU’s total ...

According to ANEC experts' forecasts, Brazil may ship 1.8 million tons to 2.63 million tons of soybeans to foreign markets in January. Which is more than last month, then the export of Brazilian oilseed was 1.47 million tons, and in January 2024 - 2.40 million tons. Between January 19 and 25, 725,600 tons of soybeans

The GMO soybean market in Ukraine has declined and accounts for about 25% of the total soybean market in Ukraine. Growing non-GMO soybeans is currently profitable. First of all, because the European Union, while consuming approximately 15-16 million tons of soybeans per year, is only 5% self-sufficient in its own production, and this figure is constantly growing.