Ukraine: in 2014/15 MY the production of soybeans to increase to 3.1 mln tonnes – expert
By 2014/15 MY Ukraine will increase the production volumes of soybeans to 3.1 mln tonnes, announced Evgeniy Scherbak, Director of the company "Protein-Production", on August 29, during his speech at the roundtable discussion "Prospects for soybean production in Ukraine" in Kirovohrad.
He noted that increasing of the capacity of the reporting segment of the Ukrainian market will mainly contribute to development of the dynamics.
To date the capacity of the domestic market of soybeans in Ukraine totals nearly 0.8 mln tonnes, while the country shows the stable tendency of increasing of the indicator. It is estimated that in 2014/15 MY the domestic consumption may reach 1.15 mln tonnes (up 44 % ), mainly due to growing of the processing volumes in the country, said E.Scherbak.
He also added that the reporting increase of soybean production in Ukraine will create the basis for advancing the domestic processing and export potentials.
At the same time, the export component will continue dominating over the domestic consumption, and the ratio will total 62% to 38 %, said the expert.
E.Scherbak also touched on the problem of GM soybeans in Ukraine: “The absence of the registered varieties of GM soybean lines in Ukraine, and uncontrolled selection of the varieties by producers, create serious problems. As a result, there is the complete inability to obtain documents allowing the exports of soybean meal as the by-product.”
According to him, launching of the registration of GM soybean lines, and strengthening the existing requirements of GOST for soybeans concerning the GMO content, should be the only ways of the problem solving.
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