Ukrainian soybean market unlikely to hit new highs in 2017/18 season

17.08.2017

In the current 2016/17 season, the soybean sector developments are exposed to a harvested bumper crop of 4338 KMT. It is worth reminding once again that the current marketing year features a decrease in domestic crushing of soybeans in favor of their exports – UkrAgroConsult has already written about this before. Will this trend keep on in the new 2017/18 season?

A lot will depend on the size of the soybean crop Ukrainian farmers will harvest this year. Taking into account that planted acreage of soya remained at last year’s level of 1.9 Ml ha and its plants were exposed to extremely high temperatures, squalls, hail and frost events in various regions throughout the growing season, no new records in the gross soybean crop are to be expected this year.

According to UkrAgroConsult’s estimates, the 2017/18 volume of crushed soybeans will fall, and the crushing share in the gross soybean crop will drop to 22%. Soybean shipments to foreign markets are expected to shrink also because of worse starting conditions.

Full version of the article is available to subscribers for weekly market report “Black Sea Vegoils +CIS” and “Online market review” by UkrAgroConsult.

Further prospects of the oilseeds/vegoils market in the Black Sea region countries will be discussed at the V International Conference “Black Sea Oil Trade”, which will take place on September 19, 2017 in Hilton hotel, Kiev, Ukraine.

Annual International Conference “Black Sea Oil Trade” – is an effective platform, providing oilseed industry operators with vast networking opportunities, exclusive analytics of Ukrainian and Black Sea agri market, insights for development of the long term business strategies.

Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, agriholdings, investment companies, banks, legal, shipping, brokerage, insurance, surveyor companies etc.

Early Bird registration rate is available! Market operators from 20 countries have already registered to take part. 

Follow the updates, Agenda and Speakers at the conference website.

 

UkrAgroConsult

 

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