At the end of August, prices for soybean cake in Ukraine reached a historical maximum

As of the end of August, according to the monitoring data of IA "APK-Inform", the offer prices for soybean cake on the domestic market of Ukraine reached a historical maximum, amounting to UAH 22,600-24,500/t EXW. It is worth noting that the increasing price trend in this segment prevails during the last year, which is caused by the increase in the cost of soybeans and the high demand for soybean meal from feed mills and livestock enterprises. And, taking into account the significant reduction in the amount of cakes offered on the market against the backdrop of a shortage of soybeans in the summer, price growth accelerated in July and the first half of August last year. At the same time, most buyers, taking into account the approach of the new season, began ...