The Financial: In the first half of the season, Ukraine exports record volumes of soybeans

By The Financial.

Published March 30, 2018 at 12:07 pm

Greg Porth harvests soybeans on October 2, 2013 near Worthington, Minnesota. According to the Commerce Department, farm earnings nationwide were down 14.6% during the second quarter of the year. Many Midwest states, which are rebounding from last year's severe drought, reported some of the biggest drops.

Photo by AFP

In September-February of 2017/18 MY, soybean exports from Ukraine reached the maximum level at 2 mln tonnes, an increase of 5 percent compared with the previous record, fixed in the same period last season.

TOP-5 of countries-buyers of Ukrainian soybeans covered 70 percent of the general exports. In particular, Turkey imported nearly one quarter of the reporting volumes – more than 500 thsd tonnes (up 2 percent compared with last season), Iran – 16 percent, or 310 thsd tonnes (down 17 percent), Egypt – 12 percent, or 240 thsd tonnes (down 47 percent), the Netherlands – 10 percent, or 190 thsd tonnes (no exports), and Belarus – 8 percent, 154 thsd tonnes (up 2.4 times).