EU soymeal imports rise as rapemeal supplies drop

Soymeal numbers may reach second-highest levels ever

European Union imports of soymeal are expected to rise 10% to 24.4 million metric tons by the end of the marketing year (September 30) as grain prices continue to rise and rapemeal supplies decline, reaching second-highest levels ever, according to reports.

Argentina’s soymeal exports to the EU will rise 13% to 13.3 million metric tons and Brazilian shipments are expected to rise 17% to 10.3 million metric tons. India will ship 300,000 metric tons, up from 39,000 tons in 2010, according to reports.