Since the beginning of 2022/2023 marketing year (MY, September-2022 – August-2023) Ukraine exported 465 thousand tons of soybeans, which is 2.5 times more than the export figures for the same period last season and was the highest for the last three MYs.
Soybean exports in October 2022 amounted to 215 thousand tons, having decreased by 14% compared to the last month, but soybean volumes shipped to foreign markets in October exceeded last year’s October volumes by 24%.
It is specified that one of the reasons of export reduction in October was slowdown of trade in Ukrainian seaports due to uncertainty of “grain” deal prospects.
The main importers of soy from Ukraine were the EU countries (the share of 46%) and Turkey (37%), which increased the purchase of Ukrainian soybeans in September-October 2022, respectively, six times and two times compared to the same period of 2021/22 MY.
As it was reported, by November 25 in Ukraine 3.6 million tons of soybeans were harvested from 1.5 million hectares, which is 97% of the area sown with it. The average yield of soybeans was 24 cwt/ha
