The exports of American soybeans exported into the EU increased by more than 280 percent

The exports of American soybeans exported into the EU increased by approximately 280 percent in July, compared to July last year – the European Commission announced.

According to the Brussels body, the share of American soybean oil rose by 360,000 tonnes in July to 37 percent in EU imports, compared to the 9 percent of a year before.

The imports of American soybean are also increasing; it was 185,000 tonnes, in July which is an increase of 3337 percent over the previous year. (MTI)