Ukrainian soybean exports continue at a record pace

07.04.2017

This year’s February soybean exports from Ukraine hit a high again. They amounted to 344.8 KMT against 291.9 KMT in January 2017. At the same time, the export trade volume increased more than 2.5 times compared to February 2016. In total, 1870.8 KMT of soybeans were supplied to foreign markets in the first half of 2016/17 (September-February). This is already up 51% year-on-year (1239.1 KMT at the same time a year ago), UkrAgroConsult notes.

In the current 2016/17 season the range of soybean export destinations has widened to 30 countries. In addition, the traditional buyers have boosted purchases of Ukrainian soybeans. 70% of Ukraine’s overall soybean exports are absorbed by the top three importers, specifically Turkey, Egypt and Iran. Also, 18% of export deliveries are accounted for by the EU.

 

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