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.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
Invest in the Best: What Attracts Investors in Agri Today
Ukraine ready to delay EU agricultural subsidies to speed up accession process
Global soybean processing to exceed 100 mln tons for the first time
Bangladesh’s corn imports rise amid expanding feed industry
Global rapeseed market expects increased supply from the EU
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon