Exports of soybean meal from Russia rose by 54% since the start of the year

In January–September 2026 Russia exported 779 thousand tonnes of soybean meal — 54% more than in the same period last year. Revenue from shipments increased by 70%, to 365 million dollars, analysts at Oleoscope calculated.

The average export price rose by 10% — from 426 to 468 dollars per tonne. The geography of shipments expanded to 21 countries — three more than a year earlier.

Uzbekistan became the largest buyer. Exports to the country increased by more than 2.3 times — from 105 thousand to 245 thousand tonnes. Its share in the total volume of Russian shipments reached 31.4%.

Belarus retained second place despite a 11% decline in purchases — from 174 thousand to 154 thousand tonnes. It accounted for 19.8% of exports.

The third-largest destination was Iran, where 142 thousand tonnes were shipped over nine months, or 18.2% of the total volume. In the same period of 2025 there were no shipments to this country. The increase in shipments to Uzbekistan and entry into the Iranian market made the main contribution to export growth.

Kazakhstan increased purchases from 58 thousand to 66 thousand tonnes, taking 8.5% in the shipment structure. Exports to Turkey fell by 54%, from 95 thousand to 43 thousand tonnes. Shipments to China nearly tripled — from 14 thousand to 40 thousand tonnes.

The top ten buyers also included Azerbaijan — 26 thousand tonnes, Tajikistan — 20 thousand tonnes, Kyrgyzstan — 12 thousand tonnes and Germany — 9 thousand tonnes.

The highest average export price among the ten main destinations was recorded for shipments to Tajikistan — 556 dollars per tonne. For Kyrgyzstan the figure was 534 dollars, Uzbekistan — 509 dollars, Azerbaijan — 487 dollars, Iran — 485 dollars. To Turkey, the meal was shipped at an average of 404 dollars per tonne, to China — 415 dollars.

In addition to Iran, new destinations compared with January–September last year were Turkmenistan and Poland, which bought 3 thousand and 1 thousand tonnes respectively. Shipments to Latvia and Morocco reached about 7 thousand tonnes to each country.