Ukraine exported almost 3 MMT of soybeans in the 2016/17 season


Soybean exports from Ukraine fell to 42.6 KMT in August 2017. This was the smallest monthly volume since the start of the season, but 31% more than in August 2016. Overall, soybean exports for the whole marketing year 2016/17 (September-August) totaled a record 2903.4 KMT that was up 22.7% from the previous year, reports UkrAgroConsult.

As a reminder, the range of export destinations expanded to 36 countries in the 2016/17 season. Turkey, having reduced soybean purchases to 749 KMT against 928 KMT a year ago, is still the top importer of Ukrainian soybeans with an export share of 26%. European countries (21%) and Iran (20%), on the contrary, increased soybean imports from Ukraine substantially. In addition, Egypt continues importing Ukrainian soybeans and remains a major buyer. The new export destinations in the 2016/17 season include countries such as Denmark, Morocco, Angola, South Korea and Kyrgyzstan.



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