Ukraine has become a leader in soybean oil supplies to the EU

The European Union imported 6.46 million tons of soybeans in July-December 2025, which is 12% less than last year.

This is reported by analysts at Spike Brokers.

“The market remains concentrated: the US provides 47.3%, Brazil – 33%. Ukraine’s share decreased from 11.1% to 9.5% due to logistical risks and competition from American and Brazilian soybeans,” they explain.

At the same time, soybean meal imports to the EU decreased to 9.32 million tons (-10% y/y), the main suppliers being Brazil (52.7%) and Argentina (35.5%). Ukraine’s share increased from 3.1% to 4.4% (410 thousand tons), which indicates a strengthening of the positions of Ukrainian processors.

“Soybean oil imports remained at 307.7 thousand tons, but the structure changed dramatically: Ukraine became the largest supplier, increasing volumes from 21.2 to 148.7 thousand tons and its share from 17.9% to 48.3% — the most noticeable change in the entire complex,” experts note.

Soybean prices are stable. The CPT-port spot index is $421 excluding VAT (-$1), the index for processing is $451 including VAT (-$6).

Tags: Ukraine, soybean oil, EU