In 2023/24 FY, Ukraine exported more than 50% of soybean meal to Poland

According to IA "APK-Inform", in September - July 2023/24, the Republic of Ukraine exported 653,000 tons of soybean meal, which was 23% more than the corresponding indicator of the previous season.

About 88% of this volume (82% in 2022/23 MR) was exported to the European Union countries, which increased the purchase of Ukrainian meal by 33% compared to the previous season. In particular, deliveries of soybean meal to Poland for 11 months of 2023/24 MR increased compared to the corresponding period of 2022/23 MR by 37% to a record 335 thousand tons, which accounted for 51% of total exports (46% in 2022/23 MR).

Ukraine is increasing exports of soybean meal for the third season in a row, which stimulates domestic processors to increase capacity.

According to APC-Inform estimates, Ukraine can export 680-690 thousand tons of soybean meal in 2023/24, which will be the second largest indicator after the record 746 thousand tons in the 2018/19 season.