Belarus and Poland are the top buyers of Ukrainian soybean meal

UkrAgroConsult

Soybean meal exports from Ukraine in September-June 2020/21 totaled 436.2 KMT (-30% y-o-y), UkrAgroConsult reports.

For the last two months, exports have been at a high level thanks to steadily large purchases by Belarus and Poland, which are the biggest importers.

Export potential in MY 2020/21 was raised to 470 KMT (-31% from MY 2019/20).

As before, the biggest importers are the EU with a 38% market share and Belarus with 34%. For the first time ever, MY 2020/21 witnessed soybean meal exports to Denmark.

Growth in exports was registered to the following markets: Germany (+452%), Moldova (+84%), Georgia (+33%).

A slowdown in exports was fixed to Turkey (-90%), Hungary (-57%) and Poland (-17%).

Learn more about development prospects of the oilseed sector in Ukraine and Black Sea region at the 9th International Conference ‘BLACK SEA OIL TRADE’, to be held on September 9 by UkrAgroConsult. Join the leading experts and market operators to discuss the most relevant issues. Let’s open a new oilseed season together!

UkrAgroConsult

Tags: soybeans, soybean meal, Belarus, Poland