The share of Ukrainian soybeans in the general import structure of the oilseed to Turkey continues steadily increasing, declared the Foreign trade coordinator at Altinates Kimya A.S.
During the first 4 months of 2016, Turkey imported 638 thousand tons of soybeans, including 172 thousand tons of soybeans from Ukraine (27%), said the expert. Also, Ertekin recalled that in 2015, Turkey imported 932.7 thousand tons of the Ukrainian oilseed, while the general foreign supplies totaled 2.25 million tons. Thus, the share of Ukrainian soybeans in the general import structure of the oilseed on the Turkish market reached 41%, while for the USA – 33%, for Paraguay – 14%.
The speaker stressed that improving of the qualitative indicators of soybeans, competitive prices and convenient logistics assists Ukraine in strengthening its presence on the Turkish market.
As for the supplies of Ukrainian soybean meal to Turkey, in 2015 the Ukraine’s share in the general imports of the product reached 15%, while Argentina (45%) remained the key supplier of the product. During the first 4 months of 2016, Turkey imported 252 thousand tons of soybean meal, including 21 thousand tons of the product (8.45%) from Ukraine. In order to increase its market share in the segment of soybean meal, Ukrainian suppliers need to improve the product quality and ensure the stable level of protein content, the expert said. (APK-inform/Business World Magazine)