New European Soy Monitor Report published
New IDH European Soy Monitor, covering 2019 data, shows that out of the total soybean meal available for consumption in the EU28+; 42,2% was FEFAC compliant soy, i.e. 29.6 million tonnes.
On 14 June 2021, the Sustainable trade initiative (IDH) published its new European Soy Monitor Report, providing insights on development and figures in the soy market in 2019. The data covers FEFAC compliant soy, certified deforestation-free soy, low-deforestation risk soy and soybean meal available for domestic consumption. According to the European soy monitor report 2019, 42,2% of EU28+ soybean meal consumed in 2019 was compliant with FEFAC Soy Sourcing Guidelines (SSG), 25.3% was deforestation-free certified and 80,4% of EU soy imports were sourced from low deforestation risk areas. The publication includes a deeper analysis of the following countries: NO, SE, FI, DK, NL, BE, UK, PO, DE, FR, ES, IT, PT. The report concludes that there was “an overall increase in uptake of FEFAC compliant and conversion-free soy, but also a decrease in some countries. Overall, more action is needed from the different supply chain actors to increase the uptake of responsible soy in the European market.” Once again FEFAC and its members were crucial contributors to those IDH soy series reports. The next IDH Monitor Soy report, covering 2020 soy data, is expected to be published by the end of this year, pending the availability of data. In the meantime, FEFAC & IDH will hold a workshop on soy data collection in mid July 2021. The aim of the workshop will be to help FEFAC members to get better at soy data collection, especially with the upcoming IDH Soy Monitor 2020, where the methodology for determining deforestation-free soy imports will be reviewed. As part of the workshop, FEFAC members AIC & CESFAC will showcase their work on soy data collection.