Ukraine. Soybean exports still near record high


Ukraine shipped 40.1 KMT of soybeans to foreign markets in July 2018, or 49% less than in the previous month and 22% less than in July. In total, 2734.1 KMT of soybeans were exported in September-July 2017/18, i.e. 3.3% less than in the same period last season (2860.8 KMT), with its exports remaining near a record high, reports UkrAgroConsult.

As before, the top importer of Ukrainian soybeans this season is the EU (30% of total exports), which has stepped up commodity purchases considerably. Similar developments are seen in trade with Turkey (28%) and Iran (13%). In turn, Egypt (11%) and Belarus (10%) continue to be major buyers of Ukrainian soybeans despite a drop in shipments to these countries.

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.

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine. Delegates from 20 countries have already registered for participation in the International Conference «Black Sea Oil Trade». Conference participants are usually represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, investment companies, banks, law, shipping, brokerage, insurance and surveyor companies.



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