EU 2016/17 soybean imports down 4pc, palm oil down 16pc

PARIS: European Union soybean imports in the 2016/17 season had reached 10.4 million tonnes by April 11, down 4 percent from 10.8 million at the same point last season, official data showed on Wednesday.

In soymeal, cumulative EU imports so far in the July-June 2016/17 season were 13.8 million tonnes, down 14 percent from 16.0 million a year ago.

Palm oil imports stood at 4.4 million tonnes, down 16 percent from 5.3 million a year earlier, the data showed.

The European Commission usually issues its oilseed import data on Thursdays but brought forward this week's publication due to the Easter holiday.