Ukraine. Ukrainian soybean exports down 5.6% in May

09.07.2018

2619.6 KMT of soybeans were exported in September-May 2017/18. This is down 3.3% from the same time last season (2709.2 KMT) but still close to a record high, reports UkrAgroConsult.

145.9 KMT of soybeans were shipped from Ukraine to foreign markets in May 2018, i.e. 32% less than in the previous month but 5.6% more than in May 2017.

The European Union continues to be the biggest importer of Ukrainian soybeans this season (31% of their total exports). It has significantly increased purchases of the commodity.

Similar developments are observed in trade with Turkey (27%) and Belarus (9%). In turn, Iran and Egypt, despite a drop in their imports, remain on the top list of buyers with 14% and 11% shares, respectively.

As for perspectives for 2018/19 season, UkrAgroConsult’s analysts expects a decrease in soybean production in Ukraine by 10% compared to last year level.

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.

In 2017 International Conference «Black Sea Oil Trade» attracted 250 delegates from 25 countries and 150 companies. 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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