Ukraine: Processors pay a premium for high-protein soybeans

Published 2024년 12월 20일

Tridge summary

The European Union (EU) has increased its soybean imports by 16% for the 2024/25 marketing year, reaching 6.27 million tons, with 2.7 million tons coming from the USA and 2.5 million tons from Brazil. Soybean meal imports have also risen by 32% to 9.08 million tons, primarily from Brazil, Argentina, and Ukraine. The main recipients of soybean meal were Poland, Spain, and the Netherlands. Due to low global prices, non-GMO soybean export demand prices remain around $365-375/ton, while non-GMO soybeans are priced at $410-420/ton. The soybean market is expected to remain uncertain until the end of January, influenced by the upcoming Brazilian harvest and the inauguration of the new US President.

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Original content

This is reported by GrainTrade. In the 2024/25 MY (as of December 16), the EU increased soybean imports compared to the corresponding period of the previous season by 16% - to 6.27 million tons, of which 2.7 million tons were supplied from the USA, 2.5 million tons - from Brazil, 600 thousand tons - from Ukraine. Imports of soybean meal during this period increased by 32% - to 9.08 million tons, of which 4.4 million tons were supplied from Brazil, 3.55 million tons - from Argentina and 200 thousand tons - from Ukraine. The main buyers of meal were Poland (1.7 million tons), Spain (1.44 million tons) and the Netherlands (1.27 million tons). “Under the pressure of low world prices for soybeans in the Black Sea ports of Ukraine, export demand prices for GMO soybeans remain at the level of $365-375/t, or 17,500-17,800 UAH/t, while processors buy it at 17,000-17,800 UAH/t, paying a premium for high-protein soybeans,” experts note. Export demand prices for non-GMO soybeans are ...

Source: AgroPortal.ua