Ukraine reduces soybean meal exports by 30%

Published Aug 12, 2021

Tridge summary

The article, as reported by ukragroconsult.com, highlights the dynamic of Ukraine's rapeseed market for the 2020/21 marketing year, emphasizing a notable increase in export potential to 470 thousand tons, a 31% rise from the previous year. This growth is primarily due to increased demand from key importers, Belarus and Poland, with the European Union accounting for 38% of market share. The first half of the season saw exports to Denmark for the first time. While exports to several countries experienced growth, there was a significant decline in exports to Turkey and Hungary. Furthermore, the article notes that high rapeseed prices are being maintained despite fluctuations in the market.

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

Original content

This was reported by ukragroconsult.com. "In the last two months, exports have remained at a high level due to consistently high purchases from key importers - Belarus and Poland," the statement said. Note that the export potential of 2020/21 MY increased to 470 thousand tons (-31% to 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 MR soybean meal was exported to Denmark. The growth of exports was observed in the direction of such markets as: Germany (+ 452%), Moldova ...

Source: Agravery