REUTERS

APK-Inform agriculture consultancy on Thursday increased its forecast for soybean exports from Ukraine in the 2019/20 season by 6.3% to 2.55 million tonnes.

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It also cut its forecast for domestic consumption and ending stocks of soybeans, the consultancy said in a report, Successful Farming reported with reference to Reuters.

The soybean harvest fell by around 9% in 2019 to 4.35 million tonnes.

Ukraine had exported 2.027 million tonnes of soybean as of April 10 compared with 1.106 million tonnes by the same point last season.