Belarus and Poland are key buyers of Ukrainian soybean meal

Published Aug 11, 2021

Tridge summary

Soybean meal exports from Ukraine for the September-June 2020/21 marketing year saw a 30% decrease compared to the previous year, totaling 436.2 thousand tons. This decline was partly balanced by increased exports to Belarus and Poland in the latter part of the period. The export quotas for the year were raised to 470 thousand tons, marking a 31% decrease from the previous year. The European Union and Belarus were the primary importers, accounting for 38% and 34% of the market share, respectively. Exports to Denmark were noted as a first for the 2020/21 marketing year. While exports to several countries experienced growth, there was a notable decrease in exports to Turkey, Hungary, and Poland.

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

Original content

Export of soybean meal from Ukraine in September-June 2020/21 MY amounted to 436.2 thousand tons. This is 30% lower compared to the same period last year, analysts said. Over the past two months, exports have been at a high level due to consistently high purchases from key importers - Belarus and Poland. The export potential of 2020/21 MY was increased to 470 thousand tons (-31% by 2019/20 MY). The key importers are the EU countries with a market share of 38% and Belarus - 34%. For the first time in 2020/21 MG soybean meal was exported to Denmark. The growth in ...

Source: Oilworld