National Innovation Projects

Ukrainian soybean oil exports totaled 19.6 KMT in March 2018. This is as much as in the previous month but down 17.3% from March 2017, when export supplies from Ukraine hit an all-time high of 23.7 KMT. Soybean oil exports in 2017/18 (September-March) reached a record 104.2 KMT that is up 3.3% on the year (100.9 KMT).

As in the previous season, this season’s top importers of Ukrainian soybean oil include the EU (42% of total exports), China (23%) and India (11%). At the same time, China boosted purchases by almost 83% and thereby outpaced India, which, in turn, reduced its trading activity in the market by 61%. The diversification of end markets for Ukrainian soybean oil continues this season.