Ukrainian soybean exports in March 2024 amounted to 227 000 tons, which is 30% less than the previous month and almost half as much as in March 2023 (417 000 tons).

In total, since the beginning of the 2023/24 season (September 2023), Ukrainian companies exported 2,45 million tons of soybeans, which is still higher than the corresponding period of the previous marketing year (2,35 million tons).

For the calendar year 2023, Ukrainian soybean exports amounted to 3,5 million tons compared to 2 million tons the previous year and 1,1 million tons in 2021.

Regarding the export of soybean processing products, in March the export of soybean oil amounted to 34 thousand tons (higher than the previous two months). In total, in the first seven months of the 2023/24 season, Ukraine exported 202 000 tons of soybean oil (for comparison, in September-March of the 2022/23 season — 165 000 tons). In general, during the 2022/23 season, Ukraine exported approximately 277 000 tons of soybean oil (an average of 23 000 tons per month), which is equivalent to 1,4-1,5 million tons of soybeans.

According to experts' forecasts, of the 4,8 million tons of soybeans collected this season, 1,6-1,7 million tons can be processed, the rest — exported (about 3 million tons).

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