Ukraine cut soybean export in October 2022/23 MY




In October, the export of soybean from Ukraine decreased for the first times since April and totaled 215 thsd tonnes (-14% m/m). However, it is still higher than the year ago (+24% y/y).

Smaller export was partially based on slowdown of trade activity in Ukrainian deep-sea ports in October amid unclear prospects of the “grain corridor”.

In September-October, Ukraine exported 465 thsd tonnes of soybean, up 2.5 times y/y. The volumes is the largest over the last three seasons.

The EU (46%) and Turkey (37%) were the leading importers of Ukrainian soybean, which increased purchases by 6 times and 2 times y/y correspondingly.