Ukraine exported a record amount of soybeans in the 2023/24 season

According to updated data, the export of soybeans from Ukraine in the 2023/24 season reached a record level, amounting to about 3.26 million tons. This exceeded the previous maximum of 2022/23 MR (3.1 million tons) by 5%, APC-Inform reports. The increase in shipments was achieved thanks to several factors, the main ones of which are a significant increase in the harvest of this crop in 2023 and the competitive price of Ukrainian soybeans on the world market, in particular in the first half of the 2023/24 FY. So, for September-February last season, almost 70% of the total export of soybeans from the country was shipped. The increase in exports occurred mainly at the expense of Egypt (2.1 times more), while shipments to the EU and Turkey decreased by 22% and 26%, respectively. It should be noted that in the new 2024/25 season, Ukraine has a chance to break the record for the export of soybeans, given the forecast of an increase in the yield of this crop in the current year. to about ...