The FINANCIAL — In the short-term outlook, the soybean market will become one of the most dynamically growing segments of the oilseed market of Ukraine, declared the oilseed market analyst at APK-Inform Agency, Anna Burka on November 6 during her report at the international conference “Fat-and-Oil Industry -2015” in Odessa.
High demand for the oilseed, and favourable weather and climatic conditions contribute to the further increasing of soybean production in the country – in 2017/18 MY, the planted areas will increase to 2.3 mln ha, and the general harvest – 4.6 mln tonnes, said the analyst.
In addition, A.Burka stressed that Ukraine has all required prerequisites for increasing of soybean processing volumes, namely launching of new production lines and modernization of the existing ones, and there is a high import demand for soybean by-products.
As a result, in 2017/18 MY Ukraine is able to increase soybean processing volumes to the record level of 1.5 mln tonnes, the expert added.
Also, A.Burka noted that the absence of export duties, geographic proximity of Ukraine to the major importers , and good logistics capabilities, create the excellent conditions for strengthening of Ukraine’s position on the world market of soybeans.
According to her, the above mentioned factors allow achieving another records in the exports of soybeans from Ukraine – nearly 2.5 mln tonnes.