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Reduced soybean meal exports in favor of domestic consumption
In August this year, exports of soybean meal from Russia decreased to 17.7 thousand tonnes compared to 29.3 thousand tonnes in the previous month and 28.9 million tons in August 2016
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Overall for the entire 2016/17 season deliveries outside of the country amounted to 313 thousand tons, which is 34% less compared with the corresponding period last season (474,6 thousand tons).

In addition to the reduced harvest of soybeans in 2016, Russia has reduced the sentence of soybean meal into foreign markets in favor of domestic consumption, according to analysts at UkrAgroConsult.

For the export market of soybean meal in the 2016/17 season is characteristic not only reduction of markets and the reduction of the capacity available. In General, the market is still focused on the European consumer, where shipped 79% of total exports. The second traditional area is Uzbekistan, occupying 13% of the market.

Photo: agroserver.ru



Translated by service "Yandex.Translation"
Источники: УкрАгроКонсалт
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