Ukraine. Soybean meal exports closed 2017/18 season at a record high

18.09.2018

Ukraine exported 17.6 KMT of soybean meal in August 2017/18 against 19.6 KMT in the previous month and 11.7 KMT in August 2017. In total, a record over 353.1 KMT of soybean meal was shipped abroad in the 2017/18 season, or almost 22% more than a year ago.

As high soybean processing is expected in the new 2018/19 season, UkrAgroConsult predicts export availabilities of soybean meal to more than double.

No significant changes happened in the pattern of Ukrainian soybean meal exports in MY 2017/18. As before, they go mostly to the EU (32% of total exports), Belarus (27%), Georgia (13%) and Azerbaijan (11%). Remarkably, a rise was seen in shipments to all of the key destinations. In addition, in the 2017/18 season, Ukrainian soybean meal was supplied for the first time ever to Uganda, South Africa and Philippines.

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. More than 200 delegates from 27 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.

 

UkrAgroConsult

 

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