Ukraine exported 1.4 mln tonnes of soybean in H1 2018

Ukraine exported 1.4 mln tonnes of soybean in H1 2018

In the first half of 2018, Ukrainian farmers exported more than 1.4 million tonnes of soybean in the amount of USD 566 million.

This was reported by the press service of the National Scientific Center "Institute of Agricultural Economics" with reference to Deputy Director Mykola Puhachov.

"According to him, soybean remains the main export commodity of this group [oilseeds]. In the first half of 2018, over 1.4 million tonnes of soybean worth USD 566 million were exported – this was almost 87% of the export of oilseeds," the report reads.

He noted that the export value of 128 thousand tonnes of rape seeds was USD 56 million, and the export value of 18 thousand tonnes of sunflower seeds - USD 9 million.

In January-June 2018, Ukraine exported oilseeds amounting to USD 651 million, which was 6.7% less than in the same period of last year.

Turkey took the leading position in the rating of the largest importers of domestic oilseeds this year. In January-June 2018, this country purchased 423 thousand tonnes of Ukrainian oilseeds worth USD 165 million, including 421 thousand tonnes of soybeans worth USD 163 million.

The purchases of oilseeds were also carried out by Iran (11.0%), Belarus (10.5%), Egypt (7.2%), Italy (7.1%), Lebanon (6.1%), the Netherlands (5.7%), Greece (4.4%), Poland (4.2%) and Germany (4.0%).


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