Key buyers on the global market were MENA countries (Middle East and North Africa) and North Macedonia. By the end of 2024, soybean oil exports reached record levels, as many processors shifted from sunflower seeds to soybeans to avoid negative margins. 

Analysts predict that 2025 promises to be a year of record-high soybean supply on global markets. 

 The leading agricultural export product of 2024 was sunflower oil, with exports exceeding $5 billion. The normalization of operations at Ukrainian seaports was crucial to achieving these results. Wishing you a productive and peaceful weekend!