High demand for Ukrainian soybean on the export market, along with some compensation of export duties to farmers, contributed to a further increase in its prices.
This is reported by APK-Inform.
Prices on SRT-port terms rose to 415-425 USD/t and in some places reached 430 USD/t on the same terms. Exports to the European Union in November increased significantly – about 126 thousand tons were shipped in this direction over 20 days of the specified month (22 thousand tons for the same period in October).
The preservation of high competition for soybean in the domestic market, along with limited supply, also supported prices in the sector. In a week, processors' bid prices increased by 200-300 UAH/t, and in some regions – by 500 UAH/t.