Soybeans, a footnote to Ukraine’s grain story, are expected to see a 36% jump in production in the upcoming marketing year, 3.8 million tons.

Wednesday, April 21, 2021

The USDA attributes this to a change in tax laws that make soybean production more profitable. Exports in the upcoming marketing year are expected to reach 2 million tons, up 20% over last year. This would make Ukraine the world’s six largest soy exporter, after Canada.

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Ukraine, the world's largest sunflower oil exporter, is expected to increase sun oil exports by 17% in the upcoming marketing year, to 6.5 million tons.

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April’s soaking rains and a good start to the spring sowing campaign lead Economy Ministry analysts to predict a bumper grain crop of 75 million tons in 2021.

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