Ukraine: How many hectares will be enough for soybean seeds next season?

Published 2024년 2월 14일

Tridge summary

Ukraine has achieved a record soybean harvest in MY 2023/24, with the first five months of exports being the highest in four years due to attractive prices and high demand. The country's refining volumes are projected to increase by 8% in 2023/24 MY. Ukraine's proximity to the EU and lack of import restrictions make it an appealing supplier. The profitability of soybeans is expected to drive an expansion of soybean acreage in the upcoming season, although seed availability could pose a challenge.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In MY 2023/24, Ukraine harvested a record soybean harvest. In the first five months of MY 2023/24, exports are the highest in the last four years. As of early February, about 55% of the export potential has been realized. In the first months of the season, export rates exceeded those of last year due to attractive prices for soybeans of Ukrainian origin and high customer demand. Refining volumes are expected to increase in 2023/24 MY (+8% by 2022/23 MY). In the first five months of MY 2023/24, soybean oil exports are the highest in the last four years. As of early February, about 47% of the export potential has been realized. In the first five months of MY 2023/24, soybean meal exports are the highest in the last four years. As of early February, about 37% of the export potential has been realized. Ukraine remains an attractive supplier to the EU given its territorial proximity. The absence of restrictions from the EU on the import of soybeans and its processed products from ...

Source: Oilworld