Soybean gross production in Ukraine projected at 3.9-4 MT

In the current year, the total gross production of Ukrainian soybean is projected at 3.9-4 million tons, APK-Inform reports.

According to preliminary forecasts, in 2018 the soybean areas in Ukraine may decline, due to the abolition of VAT refunds for oilseed exports.

The reduce in soybean sown areas to 1.9 million hectares is expected, which is 5% less than in the previous year.

Reference: the forecast for global soybean production in MY2017/18 is reduced by 6.05 million tons to 334.81 million tons.