Ukrainian soybean export in the current season can become record for the past 5 MY

Source

APK-Inform

28929

The export of soybeans from Ukraine in 2022/23 MY can reach record-high for the past 5 seasons.

According to APK-Inform Agency analysts, the export of soybeans from Ukraine in the current season will total 2.66 mln tonnes, which is 91% higher y-o-y.

The main importers for the 8 months of 2022/23 MY (September-April) are the EU (48% of the total; annual growth is 3.2 times), and Turkey (37%; annual growth is 2.7 times).  

APK-Inform analysts note that in the current season, Ukrainian farmers increase the production of soybeans due to higher area.  Thus, the crop amounted to 4 mln tonnes.

Next season, soybean production may increase even more. According to APK-Inform forecasts, the planting area may be expanded to 1.7 mln ha (+8% y-o-y), and production – to 4.2 mln tonnes (+6%), to be the highest for the past 4 years.

You can find more up-to-date information about the oilseeds market in the Black Sea region and Europe at the international conference “VegOil Trade”, which will be held on June 8-9 in Rotterdam.

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