In Ukraine, the supply of soybeans from producers has decreased
Published 2024년 11월 25일
Tridge summary
The European market is facing an oversupply of soybeans from Brazil and the U.S., which has led to a decrease in demand from processing companies. In contrast, Ukrainian farmers are hesitant to sell their soybeans due to low prices, causing a reduced supply. Currently, GMO soybeans are priced at $384-387 in Ukraine and €395-410 in Italy, while NON-GMO soybeans are more expensive, at $425-430 in Ukraine and €435-440 in Hungary and Italy. Soybean prices have been on a downward trend for the past three weeks.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Large volumes of Brazilian and American soybeans continue to saturate the European market. This is reported by Spike Brokers analysts. Processing enterprises are almost provided with raw materials, so their demand is decreasing. In Ukraine, the supply of soybeans from producers has decreased. Most farmers are no longer willing to sell their crops because of the low prices for them. The latest indications of buyers of GMOs: • DAP Ukraine (Odesa) ~$384-387; • DAP Italy (Monday) (train)~395-400€; • DAP Italy (Mon.) (auto) ~405-410€. Recent indications of NON-GMO buyers: • DAP ...
Source: Agrotimes
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