Ukraine increases soybean oil exports


In September Ukraine exported 13.7 KMT of soybean oil, which is record high for this month. In September 2015 exports equaled 9.7 KMT, and in August 2016 – 10.3 KMT, reports UkrAgroConsult. Soybean oil exports continue to increase from season to season.

In September 2016 large volumes were shipped to Poland (over 30% of total exports), Iran (21%) and India (16.8%). It should be noted that the largest importer of 2015/16 MY – China – reduced its share to 7.4%. Meanwhile, Iran and Saudi Arabia renewed soybean oil imports from Ukraine after the pause since 2013/14 MY. Moreover, the first time Ukrainian soybean oil was shipped to Ethiopia.

Analyzing Ukrainian export capacity in 2016/17 MY, UkrAgroConsult expects soybean oil exports to reach 160-165 KMT.



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