Ukrainian soybean meal exports hit a high in April

07.06.2018

Soybean meal exports from Ukraine reached a record 59.3 KMT in April 2017/18 against 32.9 KMT in March 2018 and 33.1 KMT in April 2017. This was contributed to by active shipments to end markets such as Belarus, Azerbaijan, Libya, and Georgia, reports UkrAgroConsult.

In total, some 265 KMT of soybean meal was shipped abroad in September-April this season. This is up 24.3% year-on-year and an all-time high for this period.

The 2017/18 season witnesses no significant changes in the pattern of Ukrainian soybean oil exports. As before, the top importers include the EU (35% of total exports), Belarus (31%), Azerbaijan (12%), and Georgia (10%).

Ukraine. Minimum rapeseed crushing in April 2018 did not affect the season’s upward trend

In April 2018, monthly rapeseed crushing in Ukraine was the lowest in four seasons. So, rape oil production in the reporting period was less than 0.1 KMT that is 58.5% below the previous month and down 78% from April 2017.

Total rape oil production in the current season (July-April) is still up on the year at 81.3 KMT against 66.3 KMT in July-April 2016/17, reports UkrAgroConsult. However, crushers lose to traders this season, and the share of domestically processed rapeseed fell to 8.4% against 13.6% a year ago.

Taking into account this season’s trends, UkrAgroConsult leaves its estimate for 2017/18 rape oil production at 82 KMT.

More detailed information on the latest trends in oilseeds/vegoils/meals exports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting 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.

 

УкрАгроКонсалт

Readers choice: TOP-5 articles of the month by UkrAgroConsult