Ukraine. Soybean meal exports down almost 35% y-o-y

UkrAgroConsult

Soybean meal exports from Ukraine in September-December 2020/21 totaled 187.8 KMT (-34.5% y-o-y) as domestic crush fell in view of a smaller soybean crop, UkrAgroConsult reports.

Export potential in MY 2020/21 will be lower. According to UkrAgroConsult, it will decrease by 40-42%.

As before, the two biggest importers are the EU with a market share of 45% (-35% y-o-y) and Belarus (29%, or -21% y-o-y.

Georgia became a top importer after having doubled purchases.

Growth in exports was registered to Georgia (+98%), Romania (+95%), Moldova (+28%).

A slowdown in exports was registered to Turkey (-82%), Hungary (-52%), Poland (-24%).

More detailed information on the latest trends in oilseeds/vegoils exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 3-day free trial!!

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UkrAgroConsult

Tags: soybean meal, Ukraine, export, soybean