India increased imports of Ukrainian soybean oil

18.01.2019

Within the first four months of 2018/19 season (September-December) Ukraine exported 67KMT of soybean oil against 44.2KMT at the same period of last year.

Thus, soybean oil exports from Ukraine totaled 20.7 KMT in December 2018 against 10 KMT in the previous month and 11.5 KMT in December 2017/18.

Shipments to the main buyer of Ukrainian soybean oil – the EU (59% of total exports) grew. China, on the country, reduced purchases to 5.7 KMT against 14.7 KMT.

A surge is observed in supplies to India (12 KMT against 11 KMT for the whole 2017/18 season).

Algeria, a traditional importer of Russian soybean oil, found itself among the biggest buyers: the country purchased 6 KMT of the commodity from Ukraine in October.

According to UkrAgroConsult, total soybean oil exports in the 2018/19 season will set a new record, reports UkrAgroConsult.

Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.

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