Ukrainian soybean sales slashed 40% in 2020

In 2020, soybean deliveries to foreign markets from Ukraine were 40% lower YoY, the State Customs Service data show. Export supply totalled 1.79 mln t.

In monetary terms, soybean shipment dropped to USD 690 mln vs. USD 1.17 bln in 2019.

Key soybean importing countries:

• Turkey: 588.7 thou. t, USD 222.69 mln
• Belarus: 357.43 thou. t, USD 144.97 mln
• Netherlands: 122.08 thou. t, USD 46.65 mln
• Greece: 107.77 thou. t, USD 38.52 mln
• Egypt: 88.63 thou. t, USD 32.3 mln

Related: Soybean Deficit in Ukraine

Previously reported that soybean stocks in Ukraine as of December 1, 2020, dropped by 26% YoY to 1.46 mln t. On the reporting date last year, soybean stocks totalled 1.97 mln t. Agricultural enterprises stored 890.7 thou. t. Enterprises specializing in processing and storage kept 566.7 thou. t of the oilseed crop.

Learn more:

• Agrarian Superstate Importing Soybean or Why Is the Market Short of This Oilseed Crop?
• TOP 10 Soybeans Exporters from Ukraine in 2019
• TOP 10 Soybean Producing Countries in 2019
• TOP 10 Soybeans Exporters from Ukraine in 2018