Soybean exports from Ukraine in September-June 2022/23 marketing year (MY), according to operational data, reached almost 3 million tons, which has already become a record seasonal volume of shipments to foreign markets in history, exceeding the previous maximum of the 2016/17 season as a whole (2.9 million tons), the analytical agency “APK-Inform” reported.
“The main importer of Ukrainian oilseeds in the current season remains the European Union with a share of 47% against 40% in 2021/22 MY and an increase in relation to exports in the same period of the previous season in 3.1 times,” the analysts noted.
At the same time, according to the agency, Turkey retains the 2nd place in the ranking of importers of Ukrainian soybeans with a share of 32% against 36% in total exports of this product from Ukraine in the last MY. In this country for 10 months of 2022/23 MY supplies increased by 2.4 times.
Analysts also pointed to a significant increase in shipments to Egypt, especially in May-June of the current season. The share of this country in total soybean exports from Ukraine increased to 15% against 2% in the season 2021/22, while the volume of oilseed shipments in this direction increased 17 times to 440 thousand tons.
