EU 2017/18 soybean imports down 14pc, palm oil up 2pc

PARIS: European Union soybean imports in the 2017/18 season that began on July 1 had reached 1.9 million tonnes by Aug. 22, down 14 percent from the 2.2 million tonnes imported at the same stage last season, official data showed on Thursday.

In soymeal, cumulative EU imports so far in 2017/18 totalled 2.9 million tonnes, up 12 percent from 2.55 million tonnes a year ago.

Palm oil imports stood at 864,000 tonnes, up 2 percent from 850,000 tonnes a year earlier, the data showed.