In Ukraine, the new 2022/23 season forecast shows soybean harvest to exceed 4 M t

Published 2023년 3월 22일

Tridge summary

The article reports on the 2022 soybean harvest in Ukraine, showing an 8% increase to 3.8 M tons compared to the previous year. Despite a decrease in productivity, the expansion of the planting area has contributed to this growth. The first half of the 2022/23 season saw a surge in soybean exports, reaching 1,945 thousand tons and marking the second largest total on record. Soybean oil and meal exports also saw an increase during the same period. With oilseeds becoming more profitable, it is anticipated that the planted area will expand, and UkrAgroConsult predicts a 10% rise in the soybean harvest for the next year.

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

Original content

The 2022 soybeans harvested was 3.8 M t of (+8% y/y, UkrAgroConsult estimates). There was an increase in area with a decrease in productivity. For Sept 2022-Febr 2023 (the first half of 2022/23 season), soybeans exports remained higher than last year. The January, 2023 exports even exceeded 400 K t, the record of monthly shipments in the 2022/23 season. Total soybean exports for the six months of the current season amounted to about 1,945 thousand tons, the second largest total exports, twice as much as in the previous season. Soybeans are shipped to the foreign markets thru the “grain corridor” mainly; For Sept 2022-Febr 2023 (the first half of 2022/23 season), more than 70% of the soybean export potential was shipped to foreign markets. For Sept 2022-Febr 2023 soybean oil and meal exports increased compared to the 6 months of the previous 2021/22 season, the shipments especially intensified for the last three months (December 2022-February 2023). In the coming season oilseeds ...

Source: UkrAgroConsult