Soybean exports from Ukraine in the 2025-2026 marketing year (MY, July-June) may decrease by more than a third and amount to about 2.7 million tons due to the expected reduction in crop production, the possible impact of export duties, and the continued attractiveness of processing, according to the information and analytical agency APK-Inform.
Experts recalled that Ukraine exported 3.97 million tons of soybeans during September-July 2024-2025 MY, which is 28% more than in the same period last year and set a new record for the season.
“The significant increase in export rates was achieved primarily thanks to the record harvest of this crop in the country in 2024, as well as attractive prices and geographical proximity to key global importers,” analysts explained.
At the same time, in their opinion, the record pace of soybean shipments in the summer may be stimulated by the expected introduction of a 10% duty on soybeans from September 2025, if the Ukrainian president signs the relevant bill.
Among the top buyers of Ukrainian soybeans in the current season, experts named Turkey (968,600 tons, up 39% from the previous season), Egypt (673,000 tons, down 31%), and the Netherlands (546,000 tons, up 2.7 times).
“In total, in the 2024/25 season, soybean exports from Ukraine could reach about 4.1-4.2 million tons (+26%), which could be a new record for the industry,” APK-Inform concluded.
