KIEV: In May soymeal exports from Ukraine reached 41.4 KMT against 31.9 KMT in April 2016 and 8.8 KMT in May 2015. Since the beginning of the current season (September-May), soybean meal exports equaled 243.9 KMT against 125 KMT during the same period last season. Record high export figure of the reporting month only confirmed the leadership of the current season compared with previous periods.
Turkey, Egypt, EU countries and Iran are the largest importers of Ukrainian soybean meal. Taking into account the trend of soybean acreage expansion as well as increased production capacity of Ukrainian crushing enterprises, moderate demand for processed products in the domestic market and growing demand from global customers, the market of soybean processed products relies on exports.