Ukrainian soybean exports to the EU have reached a historic high

Published 2023년 3월 24일

Tridge summary

Ukrainian farmers have achieved a record export of soybeans, with a volume of 1.9 million tons this season, marking the highest in the past three years and a 13% share of the total EU soybean import. The European Union imported 51% of the total production, making Ukraine the third largest supplier behind Brazil, with 981 tons sold to European countries, a record high. The reduction in sown crops in 2022, which saw a third less compared to the previous year, led to a record harvest of soybeans, along with corn, sunflower oil, and wheat, which became the leaders in Ukrainian exports.

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

Original content

This season, Ukrainian farmers declared a record volume of soybeans for export over the last three seasons – 1.9 million tons, APK-Inform reports. Ukraine sent 51% of the specified volume of production to the countries of the European Union. Thus, our farmers managed to sell 981 tons of soybeans to European countries. This is a historical maximum for this direction. Currently, Ukraine has taken third place in the top suppliers of soybeans to the European Union. The Ukrainian share of the total import of this crop in this region is 13%. In previous seasons, Ukraine occupied only the fourth position in the above ranking. In 2021-2022, this indicator reached only 4%. It should be noted that Brazil is considered the world's largest exporter and producer of soybeans. The relative availability of space and the tropical climate help to comfortably grow corn and soybeans. According to Minagro, 335.5 thousand hectares of land were sown with soybeans in 2022. Last year, Ukrainian farmers ...

Source: Agropolit