Commodities Buzz: Ukraine Soyameal Exports Scale Record Highs In April 2018

As per latest release, Soybean meal exports from Ukraine reached a record 59.3 KMT in April 2017/18 against 32.9 KMT in March 2018 and 33.1 KMT in April 2017. This was contributed to by active shipments to end markets such as Belarus, Azerbaijan, Libya, and Georgia.

In total, some 265 KMT of soybean meal was shipped abroad in September-April this season. This is up 24.3% year-on-year and an all-time high for this period.

The 2017/18 season witnesses no significant changes in the pattern of Ukrainian soybean oil exports. As before, the top importers include the EU (35% of total exports), Belarus (31%), Azerbaijan (12%), and Georgia (10%).