Turkey and Egypt have become the largest buyers of Ukrainian soybeans
During September-June of the 2015/16 season, Ukraine exported 2,178 million tons of soybeans, reducing the gap from the previous season to 3.7%.
the Largest buyers of domestic soybeans were:
- Turkey – 846,5 thousand tons, or 39%,
- Egypt – 531,5 thousand tons, or 24%,
- the EU – 290,1 thousand tons or 13.3%,
- Iran – 194,7 thousand tons or 9%.
this season, the Ukrainian soybeans for the first time raised in India, Libya, and Latvia.
Given the strong performance of exports of soybeans in the last four months, with the big share of probability it is possible to say that the season will end with a new record soybean exports. So far, a record was considered the 2014/15 season, when it was exported 2,421 million tons of soybeans.
the Government of Turkey on 3 September decided to raise the import duties on sunflower seeds and oil. The customs duty on sunflower seeds increased from 4% to 23.4%. Duty on crude sunflower oil has increased from 12 to 36%, and recycled from 50 to 67.5% per ton.
it is not known whether Turkey to impose import duty on soybeans. Soon it will become clear what will be the export of soybeans from Ukraine to Turkey.
meanwhile in Ukraine, the price of soybeans of the new crop continue to fall, and now on the basis of CPT-port for her offer 360-365 $/ton or 10800-11000 UAH/t. Refiners increased the procurement prices to a level 10600-10700 UAH/t with delivery to the plant.