Analyst revises up Ukraine’s 2025 soybean harvest, export forecast

Published May 13, 2025

Tridge summary

APK-Inform has increased its forecast for Ukraine's 2025 soybean harvest to 6.11 million metric tons from 5.90 million tons, and the country's soybean exports forecast for 2025/26 to 3.69 million tons from 3.56 million tons. This is due to a higher expected harvest, despite a potential reduction in sowing area for soybeans due to shifting to more lucrative crops like corn or sunflower. The decrease in global soybean prices has led Ukrainian producers to revise their sowing plans, but increased demand from domestic processors, who are experiencing a shortage of sunflower seeds, may maintain farmers' interest in growing soybeans. As of May 9, farmers have sown 1.3 million hectares of soybeans, or 55.9% of the expected area.

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

Original content

Analyst APK-Inform revised up its 2025 soybean harvest forecast for Ukraine to 6.11 million metric tons from a previous estimate of 5.90 million tons, it said. It also increased its Ukraine 2025/26 soybean exports forecast to 3.69 million tons from a previous 3.56 million tons, thanks to a higher harvest. Ukraine recorded an all-time high soybean harvest of 6.5 million tons in 2024 but farmers may cut this year’s sowing area by 12% to 2.4 million hectares because they can switch to more lucrative corn or sunflower. APK-Inform said Ukraine may export 3.65 million tons of soybeans in 2024/25. Ukrainian grain traders union UGA said this month Ukraine exported 1.06 million tons of soybeans in February-April. UCAB agricultural lobby said this year that in 2022 and 2023 soybeans were almost the only profitable crop in Ukraine but in the 2024/25 season global soybean prices fell significantly, forcing producers to revise their sowing plans. First deputy farm minister Taras Vysotskiy ...

Source: Hellenic Shipping News