The Ukraine Report: Soybean farmers are likely to beat historic output records

Though Ukraine farmers are still dealing with the aftermaths of the war, farming has not slowed down.

Latifundist Media has partnered with us to provide boots-on-the-ground coverage.

This year, Ukraine is likely to break its soybean production record.

Farmers have increased the areas to 5 million acres, bringing the soybean harvest forecast to around 184 million bushels. This will be the highest soybean output in history.

However, the forecasts may not be met due to the dry spell. Ukraine has been experiencing high temperatures and no precipitation for several weeks now.

Christina Serebriakova points that the European Union, Egypt and Turkey are the major importers of Ukrainian soybeans. In each of these markets, Ukrainian soybean has to compete with Latin American supplies.

Complex logistics of raw materials amidst the war is pushing soybean processing in Ukraine. New plants are constructed. One of them is the Lyubaretsky Soybean Processing Plant.

Our processing line has a capacity of 77.2 bushels per month. We use the press method. Oilcake is our main product. We also produce soybean oil. 70% of our customers for oilcake are local, 30% are exporters. Oilcake with a 41-43% protein content is exported, and 39% protein product is sold to the Ukrainian market.

Originally, the plant focused on the quality of its products, containing no artificial additives. For processing, it buys GM and non-GM soybeans. The products are exported to Europe, Turkey and Egypt.

That report was powered by Latifundist Media, with USAID support provided through Agriculture Growing Rural Opportunities (AGRO) Activity implemented in Ukraine by Chemonics International. For more information, visit their website or follow them on social media.