Ukraine: exports of soybean meal and cake to increase

Ukraine: exports of soybean meal and cake to increase

Ukraine: exports of soybean meal and cake to increase

The FINANCIAL -- In 2014/15 MY Ukraine is expected to increase the export volumes of soybean meal /cake to 190 thsd tonnes as opposed to 86 thsd tonnes in the previous season, due to the growth of soybean production and oilseed processing capacities in the country, declared Svetlana Gnoevec, Head of the oilseed market department at APK-Inform Agency, during her report at the third conference "Ukrainian soybean market: prospects for development in 2015-2020".

Also, decreasing of the cattle, pigs and poultry livestock in Ukraine and, consequently, reducing of the purchasing volumes of soybean meal and cake by compound feed companies and livestock complexes, support the observed growing of the export volumes, said the expert.

According to her, in 2015/16 MY the exports of the reporting commodity may reach the record index of 350 thsd tonnes, due to further increasing of the production capacities, and continuation of stagnation processes in the livestock industry.