Ukrainian soybean exports fall: domestic processing breaks records

For several months in a row, Ukraine has been reducing soybean exports, while domestic processing volumes are showing record rates, writes APK-Inform. Thus, in January, soybean exports from the country amounted to about 223 thousand tons, which is 38% lower than the December figure and became the lowest monthly volume since the beginning of the current season. In addition to the festive decrease in activity, several reasons can be identified for the decrease. First, Pakistan, which has significantly increased imports of Ukrainian soybeans since May 2024, in December officially allowed the import of GM soybeans to the country, granting import licenses to 39 companies, and, as a result, Ukrainian soybeans may significantly lose their positions in this market due to competition with American soybeans. It should be noted that in January, no shipments of Ukrainian soybeans to Pakistan were recorded, however, this may be a short-term trend. Secondly, the world market is waiting for a ...