Ukraine exported a record volume of soybeans in 2022/23 MY

Ukraine exported a record volume of soybeans in 2022/23 MY


In September-June 2022/23, Ukraine exported about 3 million tons of soybeans, which became a record seasonal volume of shipments to foreign markets in the entire history.

The European Union has increased imports of Ukrainian soybeans by 3.1 times and remains the main buyer, its share is 47% of the total volume of exports, analysts of IA “APK-Inform” report. In the previous season, the share was equal to 40%.

Turkey remains the second largest buyer of soybeans with a share of 32% compared to 36% in the last fiscal year.

In third place is Egypt, its share in the total export of soybeans increased to 15% against 2% last season. The volume of shipments to Egypt increased 17 times, up to 440,000 tons.

The previous maximum for soybean exports was recorded in the 2016/17 season. At that time, 2.9 million tons were exported.

The photo is illustrative.