Kazakhstan is expanding rapeseed and sunflower meal exports to the EU and partly replaced Russia as a soybean meal supplier there. Kazakhstan entered the top three EU sunflower meal suppliers in 2024.
The European Parliament preliminarily approved a 50% increase in customs duties on feed and meal from Russia and Belarus.
More Kazakh meal entering the EU adds supply to the bloc's protein market and reduces its reliance on Russian product. Higher duties on Russian meal could redirect flows and shift pricing among origins.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.