Ukraine increases soybean oil exports even under pressure from falling oil prices

Published 2025년 3월 13일

Tridge summary

In the first half of the MY 2024/25, Ukraine saw a 52% increase in soybean oil exports compared to the same period of the previous season, reaching a record 245.4 thousand tons. Poland was the main buyer, increasing its purchases by 25%, but its share in total exports decreased from 73% to 61%. India also significantly increased its purchases, delivering 25,000 tons of soybean oil. Despite global soybean oil prices falling due to forecasts of a good harvest in South America and trade wars, demand for Ukrainian soybean oil is increasing and is being offered at $920-950/t FCA – plant. The 23 International Conference BLACK SEA GRAIN.KYIV, to be held on April 24 in Kyiv, will discuss the further development of the grain sector in the Black Sea and Danube region.

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Original content

In the first half of the MY 2024/25, Ukraine increased soybean oil exports compared to the same period of the previous season by 52% to a record 245.4 thousand tons. In particular, in February, this indicator increased compared to January by 38% to 59.1 thousand tons. The main buyer of domestic soybean oil remains Poland, which increased purchases by almost 25%, although its share in total exports of this product from Ukraine decreased compared to the previous season from 73% to 61%. After a long break, India significantly increased its purchases, with 25,000 tons of soybean oil delivered in the first half of MY 2024/25 (216,000 tons for the same period in MY 2023/24). In February, the volume of supplies to India increased by 77% compared to January to 11,000 tons, which was the highest figure since March 2020. Currently, soybean oil is being offered at $920-950/t FCA – plant, and demand for it is gradually increasing. The strengthening of the euro against the dollar is ...

Source: UkrAgroConsult