21 September 2016
According to Ukragroconsult information in MY2015/16 total soybean meal export from Ukraine increased by 58% and made 332k tons. We estimate that export share made about 35-37% of total Ukrainian soybean meal production (at about 850-900k tons in MY2015/16).
In general in the last season soybeans harvest made close to 3.75M tons, thereof about 2.4M tons was exported, while crushing volumes were about 1.25M tons. Along with general growth of oilseeds crushing facilities we expect further growth of soybeans crushing volumes. In new season it will be also driven by higher vs. previous year expected soybeans harvest (at 4.0-4.3M tons).