Poland “tasting” Russian soybeans 1 July, 2020 at 17:07

Soybean exports in September-April 2019/20 reached a record 932.2 KMT (+64% on the year), UkrAgroConsult reports.

The restrictions on soybean exports outside the EEU, which had been in force since April 12, 2020, were lifted from June 13. The last months of the season are expected to see a surge in shipments.

China remains the biggest importer with a market share of over 63%. The volume of purchases increased by 11%.

Turkey stepped up purchases this season, becoming the second biggest importer with a market share of some 10%.

A new export destination is Poland (0.3 KMT), while Taiwan and Iran resumed purchases. 

Growth in exports was observed to the following markets: Kazakhstan (manifold), Azerbaijan (manifold), Belarus (+324%).