China remains prospective for Russian oilseed sector

18.08.2016

In June soybean exports from Russia amounted to 33 KMT against 23.2 KMT in June 2015 and 19.7 KMT in May 2016.

Since the beginning of the season (September-June) soybean exports reached 423.2 KMT against 258.3 KMT during this period in season 2014/15.

As UkrAgroConsult estimated, soybean export has already reached unprecedented volumes. Almost all Russian soybeans (more than 97%) were supplied to the Chinese market.

As for soybean oil, export to China was increased to 66.9 KMT during the first ten months of the current season against 28 KMT in 2015. This amounted 20% of total soybean oil exports within the reported period.

Thus, China remains a prospective market for the oilseed sector.

 

 

UkrAgroConsult

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