Ukraine: APK-Inform increased the forecast of soybean exports

Source

APK-Inform

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According to the recent updated supply and demand balances of APK-Inform analysts, the Agency increased the forecast of soybean exports from Ukraine in 2019/20 MY by 4.3% compared with the previous report — to 2.4 mln tonnes.

Therefore, APK-Inform made final appraisal of the harvest figures of the oilseed in the country to 4.3 mln tonnes (up 2.4%).

In addition, the analysts made some changes in the supply and demand balances of rapeseed. So, the domestic consumption increased by 20% — to the record level of 455 thsd tonnes.

The trend developed, due to processing of the large-scale volumes of the oilseed in January-February of 2020. Also, the estimation of rapeseed exports in 2019/20 MY reduced by 2.7% — to 2.92 mln tonnes, added the oilseed market analyst at APK-Inform Agency, Julia Ivanitskaya.

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