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    Home > Food News > Food Articles > Ukraine's soybean exports in this market year are expected to drop to the lowest level in 7 years

    Ukraine's soybean exports in this market year are expected to drop to the lowest level in 7 years

    • Last Update: 2021-07-29
    • Source: Internet
    • Author: User
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    Ukraine’s agroportal website quoted the Ukranian Agricultural and Industrial Complex website on July 14.
    From September 2020 to June 2021, Ukraine’s soybean exports amounted to 1.
    4 million tons, a decrease of 45% from the same period of the previous year, since the 2014/2015 market year.
    The lowest level
    .
     
    It is worth noting that the import volume of Uzbek soybeans in major importing countries is decreasing
    .
    Among them, Turkey imported 544,000 tons of Ukrainian soybeans, down 34% year-on-year; Europe—412,000 tons, down 37%; Belarus—266,000 tons, down 20%; Egypt—104,000 tons, down 76%
    .

     
    One of the main reasons for the decrease in soybean exports is the decrease in soybean production in 2020, followed by the competition between exporters and processors
    .
    The processor's demand price is 100 dollars per ton higher than the trader's price
    .
    At the beginning of the year in this market, the price difference between processors and exporters is 30-60 US dollars/ton, and the price difference between the end of April and the beginning of June is 100-180 US dollars/ton
    .
     
    Experts predict that the export volume of soybeans in the 2020/2021 market will be 1.
    5-1.
    6 million tons, a decrease of 39% over the previous year, and the lowest level in the past 7 years
    .

    Soybean exports
     
      It is worth noting that the import volume of Uzbek soybeans in major importing countries is decreasing
    .
    Among them, Turkey imported 544,000 tons of Ukrainian soybeans, down 34% year-on-year; Europe—412,000 tons, down 37%; Belarus—266,000 tons, down 20%; Egypt—104,000 tons, down 76%
    .

     
      One of the main reasons for the decrease in soybean exports is the decrease in soybean production in 2020, followed by the competition between exporters and processors
    .
    The processor's demand price is 100 dollars per ton higher than the trader's price
    .
    At the beginning of the year in this market, the price difference between processors and exporters is 30-60 US dollars/ton, and the price difference between the end of April and the beginning of June is 100-180 US dollars/ton
    .
     
      Experts predict that the export volume of soybeans in the 2020/2021 market will be 1.
    5-1.
    6 million tons, a decrease of 39% over the previous year, and the lowest level in the past 7 years
    .
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