Ukrainian soybean meal targets European market amid intense competition from South America

Published Feb 13, 2025

Tridge summary

Ukrainian soybean meal exporters are seeking to increase their market share in Europe, particularly against strong competition from South American countries like Brazil and Argentina. Despite challenges such as pricing and ample supply, Ukraine's soybean meal exports have seen a 12% increase from the same period in the previous marketing year, reaching 278,000 tonnes from September to December of the 2024/25 marketing year. This growth is attributed to robust demand from the EU and an increase in soybean processing capacity. However, Ukrainian soybean meal faces price disadvantages compared to South American competitors in the EU market.

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Original content

Ukrainian soybean meal exporters are looking to expand their presence in European markets, but they face significant challenges due to strong competition from large South American producers such as Brazil and Argentina, especially in terms of pricing and abundant soybean supply, said Kristina Serebryakova, CEO of ASAP Agri & Broker at Atria Brokers. Traditional destinations for Ukrainian-origin soybean meal include Egypt, Turkey, Poland and Hungary, but in December 2024, Ukraine made its first shipment of a Handy Size vessel, delivering 27,500 tonnes of soybean meal to Spain. This was followed by a shipment of 27,400 tonnes of soybean meal to France in January. In February, another 25,000 tonnes of soybean meal was shipped to Spain, according to Atria Brokers. Ukraine's soybean meal exports reached 96,000 tonnes in December, the highest monthly shipment since May 2019. In total, Ukraine exported about 278,000 tonnes of soybean meal from September to December of the 2024/25 ...

Source: Oilworld