Russia for the first time exported more than 1 MMT of soybeans

Soybean exports in September-June 2019/20 hit a record high of 1041.6 KMT (+53% on the year), UkrAgroConsult reports.

June exports were the lowest since the beginning of the season, at 45.3 KMT, due to restrictions on soybean exports outside the EEU.

After lifting the restrictions, shipments are expected to surge in the last two months of the season.

China is the biggest importer with a market share of some 58% (-5% year-on-year).

A significant gain in exports to Belarus and Turkey. Growth in exports was registered also to Kazakhstan, Azerbaijan and South Korea.

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