EU soybean imports fell 4pc in 2016/17, palm oil down 11pc

In soymeal, cumulative EU imports in 2016/17 stood at 18.1 million tonnes, down 11 percent from 20.3 million in 2015/16.

Palm oil imports reached 5.9 million tonnes in 2016/17, down 11 percent from the 6.7 million tonnes imported in the previous season, the data showed.

The data is subject to revision in the coming weeks.