Ukraine processed a record volume of soybeans


In January 2019, monthly soybean oil production by large and medium-sized crushers in Ukraine totaled a record 24.9 KMT. This is 9.2% more than in the previous month, up 30.4% from the same month last year and the highest-ever volume for January.

As expected, soybean oil production in the first five months of the 2018/19 season broke last year’s record (80.6 KMT) and increased to 101.9 KMT.

As a reminder, market participants believe that soybean processing will revive in the new calendar year. UkrAgroConsult’s preliminary estimate for soybean oil production now remains at 330 KMT.

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