Last week, head of Maxwer’s Agriculture Desk Valerio de Sossi participated in the Vegoils&Meals Trade 2024 conference in Seville. It was another opportunity to connect with producers and importers, explore latest market trends with industry experts, and discuss the future of the European market of vegetable oils and meals.

The conference provided in-depth analysis on several key topics relevant to the European market. The fundamentals of the European vegetable oils market were extensively discussed, highlighting the current transition from oversupply to undersupply in oilseeds. This shift is driven by various factors, including climate impacts and geopolitical tensions. The market dynamics are also influenced by the increasing demand for sustainable and premium oils, such as olive oil and sunflower oil, which are essential to European consumers.

Key discussions included the factors impacting the European vegetable oils market, such as regulatory changes, consumer preferences shifting towards healthier and more sustainable options, and the competitive landscape among main suppliers. Analysis of the EU market for meals and feed ingredients shows focus on improving import structures and competition among key players​.

A significant part of the conference addressed the impact of carbon agriculture on sunflower and rapeseed production. This sustainable practice is seen as a crucial step towards reducing the carbon footprint of agricultural activities and enhancing the efficiency of crop yields. The voluntary carbon credit market presents new opportunities for farmers to generate additional revenue by adopting sustainable farming practices.

The Green Deal’s implications for the agricultural sector have also been in participants’ focus. The Green Deal aims to make Europe the first climate-neutral continent by 2050, significantly influencing agricultural policies and market trends. The initiative encourages the adoption of sustainable practices and the reduction of greenhouse gas emissions, which are critical for the future of European agriculture.

At Maxwer, we are proud to continuously support producers and importers of high-quality vegetable oils and oilseeds worldwide, working closely with our valued partners. We strongly believe there are more opportunities ahead, stay tuned!