# EU Oilseed Meal Market: Repercussions off Duty Imposed on Russia - Milling and Grain

> The EU imposed a 95 EUR/MT duty on oilseed meal imports from Russia and Belarus effective 1 July 2024. These two countries supply about 70% of EU rapeseed meal imports, and the EU imports roughly 22 MMT of oilseed meals annually.

- Date: 2024-08-27 · published 2024-08-27T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/28901-eu-oilseed-meal-market-repercussions-off-duty-imposed-on-russia-milling-and
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

The duty could tighten EU supply of rapeseed and sunflower meal, shifting import flows toward Ukraine and other origins and supporting meal prices in Europe.

## Read by commodity

- SBM: neutral
- CANMEAL: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-07-25 | [Unpicking the Huge Rally in Oilseed Markets \| CZ app](https://feedsoft.ai/events/11933-unpicking-the-huge-rally-in-oilseed-markets-cz-app.md) | +0.7% | -7.7% |
| SBM | 2020-06-17 | [Oilseeds daily: controversies in Russia - Mundus Agri](https://feedsoft.ai/events/52707-oilseeds-daily-controversies-in-russia-mundus-agri.md) | -0.6% | -0.7% |
| SBM | 2024-06-11 | [EU ill-prepared to implement its own deforestation law, says grain trade association \| Reuters](https://feedsoft.ai/events/29771-eu-ill-prepared-to-implement-its-own-deforestation-law-says-grain-trade.md) | -2.0% | +0.3% |
| SBM | 2022-07-16 | [High Cost of Animal Feeds Pushes Grain Imports by 72 percent](https://feedsoft.ai/events/40609-high-cost-of-animal-feeds-pushes-grain-imports-by-72-percent.md) | -0.0% | +17.2% |
| SBM | 2022-10-27 | [eFeedLink - A brief analysis of China's fermented feed ingredients market](https://feedsoft.ai/events/39245-efeedlink-a-brief-analysis-of-china-s-fermented-feed-ingredients-market.md) | +3.0% | -1.5% |

## Sources

- millingandgrain.com: https://millingandgrain.com/eu-oilseed-meal-market-repercussions-off-duty-imposed-on-russia/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.