Turkey increased soybean imports from Brazil, but reduced supplies from Ukraine by 33%

According to the International Trade Center (ITC), Turkey increased its soybean imports in the 2025/26 MY by 1% compared to the previous season to a record 4.24 million tons, increasing supplies from Brazil by 41% to 2.9 million tons, as a result of which the share of Brazilian soybeans in Turkish imports increased compared to the previous season from 48% to 67%.

At the same time, Ukrainian soybean supplies compared to the 2024/25 MY decreased by 33% to 739 thousand tons, and its share decreased from 26% to 17%, while soybean imports from the USA decreased by 29% to 604 thousand tons, and its share decreased from 20% to 14%.

Brazil, which has harvested a significant soybean crop, is looking for new markets, especially against the backdrop of China's reorientation towards purchasing American soybeans.

According to USDA forecasts, in the 2026/27 MY, Turkey will increase soybean imports to a record 4.55 million tons.

Thanks to increasing imports, Turkey is increasing soybean processing, as a result of which in the 2025/26 MY soybean meal exports increased by 47% compared to the previous season to a record 1.6 million tons, although soybean oil exports decreased by 1% to 465 thousand tons, which was the second largest annual figure.

The main buyers of Turkish soybean meal are Middle Eastern countries, and of soybean oil, Algeria. At the same time, Turkey is increasing its exports of soybean meal and oil to the EU.