Ukraine broke a new record in soybean exports — APK-Inform - 27.02.2020

Ukraine broke a new record in soybean exports — APK-Inform - 27.02.2020

According to APK-Inform estimations, the high rates of Ukrainian soybeans shipments on the global market contributed to the fact that since the beginning of 2019/20 MY to January 2020 inclusive, the general exports of the oilseed reached the absolute record for the reporting period — 2.1 mln tonnes.

Therefore, APK-Inform again increased the forecast for the current season — to 2.3 mln tonnes, which will become lower by 8% compared with the results of 2018/19 MY, due to the deficit of supply, said the oilseed market analyst at APK-Inform Agency, Julia Ivanitskaya.

According to preliminary figures, in December 2019 and January 2020 soybean supplies from Ukraine somewhat decreased, and totaled 433 thsd tonnes and 330 thsd tonnes, respectively. At the same time, the volumes still exceeded the last year level.