In the EU, they expect to reach a record area of soybeans this year

Published 2024년 2월 22일

Tridge summary

The European Union (EU) is aiming to boost soybean production by 10% due to rising prices, increasing demand for vegetable proteins, and internal policies. This presents an opportunity for Ukrainian producers, provided they adhere to EU quality standards. The EU is also facilitating the export of Ukrainian grain and other agricultural products to Africa and the Middle East via 'solidarity routes'. In 2023, the most productive crops for the Agrotrade Group were soybean, corn, and winter rapeseed.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The countries of the European Union aim to increase soybean production by 10%, reaching record areas of sowing. This is due to high prices for soybeans, growing demand for vegetable proteins and the stimulation of internal EU policies, according to the association "Danube Soya". According to the executive director of the association, Volodymyr Pugachev, the EU remains import-dependent in terms of soybeans, which is why it becomes attractive for supplies from Ukrainian producers. He also emphasized that positive trends in increasing the area under soybeans in Ukraine are expected. The association emphasizes the importance of compliance with EU quality standards, in particular regarding non-GM production, the prohibition of dangerous pesticides and the use of original seeds. It is noted that seed companies, both local and foreign, are able to supply the market with high-quality soybean seeds. Gradually, producers switch to using high-quality seeds, which leads to an increase in ...
Source: Landlord

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