Ukrainian soybean oil has captured almost half of the European market
Ukraine’s share in European soybean imports has decreased to 9.5%. At the same time, the situation in the processed products segment is much more positive.
This was reported by Spike Brokers CEO Oleksandr Solovey in his article for The Ukrainian Farmer.
According to him, soybean meal imports to the EU have decreased, but Ukraine’s share has increased to 4.4%, which indicates an increase in the competitiveness of processors.
“The most significant was the dynamics of soybean oil: Ukraine took first place among suppliers, increasing its volumes almost sevenfold and taking almost half of the European market. This is a clear signal that the EU is gradually reducing imports of raw materials, while maintaining high demand for value-added products,” said Oleksandr Solovey.
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