In November 2023, Ukraine increased the soybean processing to the highest monthly volume since April 2020, which amounted to about 184 thsd tonnes, up 17% compared to October and 43% compared to November 2022, APK-Inform news agency reported.
“Despite the difficulties with the formation of the raw material base of the plants due to the fierce competition with exporters, the main incentive to increase the processing was the high demand for soybean meal on the foreign market,” the analysts said.
According to the report, Ukraine exported 160 thsd tonnes of meal in three months of 2023-2024 marketing year, up 45% compared to the same period of the previous season and the highest for September-November in the last four seasons.
The main importers of Ukrainian soybean meal were Poland with the share of 58% and Hungary with the share of 24%, according to APK-Inform.
