According to data from the European Commission, the overall import volume of EU oilseeds and vegetable oils in 2025/26 is lower than last year, reflecting an expected increase in domestic oilseed production and crushing. As of January 11th, the import volume of soybeans from the 27 EU countries in 2024/25 (starting from July 1st) was approximately 6.61 million tons, a decrease of 14% compared to the same period in 2024/25 and a decrease of 12% year-on-year last week.
The EU's soybean imports in 2025/26 decreased by 14% year-on-year, reflecting an expected increase in domestic production and crushing, as well as an increase in the supply side, which has a general negative impact on soybean spot prices. The decrease in imports indicates an improvement in the EU's self-sufficiency capacity and a reduction in external dependence, which may lead to loose supply and demand in the spot market and downward pressure on prices.
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