EU touts a jump in soybean imports from the United States

  • EU touts a jump in soybean imports from the United States
    FarmIreland.t. E.
    Soybean imports to the EU from the U.S. is almost four times at the beginning of the new marketing year, the European Union said, a week after he made a deal with US President Donald trump, to prevent the trade in a row, as consumers reacted to a sharp drop in prices.
    https://www.independent.ie/business/farming/tillage/eu-touts-jump-in-soybean-imports-from-us-37177645.html
    https://www.independent.ie/incoming/article37177644.ece/7ed51/AUTOCROP/h342/2018-07-27T131921Z_378980195_RC1665C56B30_RTRMADP_3_USA-ECONOMY.JPG

  • Email

Soybean imports to the EU from the U.S. is almost four times at the beginning of the new marketing year, the European Union said, a week after he made a deal with US President Donald trump, to prevent the trade in a row, as consumers reacted to a sharp drop in prices.

The EU said in a statement that the comparison of a new Bi-monthly import data showing the rise of the “first concrete measures in EU-US joint Declaration adopted in Washington between the President of the European Commission Juncker and President of the trump”.

However, a spokesman of the Commission said that the increase was due to market forces rather than any joint action block after a transatlantic agreement with Washington to fight the new rates.

Trump said that the EU intends to start a“ to buy a lot of soy” via the Internet last month, in which the EU has proposed measures which he could sell to voters in advance of November’s elections.

Market analysts said the surge was caused by falling prices in June, as China largely stopped buying U.S. soybeans in retaliation for trade measures that trump is focused on Beijing.

As the import of soy from Brazil and Paraguay fell sharply, U.S. exports to the EU increased by 283% for the first five weeks 2018/2019 marketing year compared to the same period last year, the Executive body of the EU said Wednesday.

Just over a third of EU imports of soybeans and soybean meal is mainly used in animal feed and in the production of soy milk, come from USA, Brazil remaining the main origin of EU imports.

See Also


If the potatoes don’t get water within two weeks, we look at a very important crisis

Heat, which is followed by an extremely wet April, played havoc with the production of potatoes.

Online Business Classes