Demand from the EU and Turkey supports Ukrainian soybeans despite global price declines

Published Apr 8, 2025

Tridge summary

Last week, soybean prices in Ukrainian ports saw a slight increase, reaching 385-394 USD/t CPT due to continued demand from Turkey and the EU, and limited domestic supply. However, global prices fell due to uncertainty caused by Trump's tariff policy and a decrease in oil prices, with CIF prices to Turkey and Egypt dropping by 5-7 USD/t because of increased competition from American soybeans. Despite global trends, the domestic soybean market experienced a moderate price increase due to strong demand from processors, with purchase prices averaging 17,000-17,100 UAH/t CRT.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A mixed price situation was observed in the soybean sector last week. In Ukrainian ports, soybean prices continued to strengthen slightly. Thus, against the background of continued demand for Ukrainian raw materials from Turkey and the EU and due to limited soybean supply from the domestic market, exporters increased their asking prices to 385-394 USD/t CPT ports. This was reported by APK-Inform. However, the global market was dominated by a decline in prices due to increased uncertainty in the global plan due to Trump's tariff policy and a decline in oil prices. CIF prices to Turkey and Egypt decreased by 5-7 USD/t, in particular due to increased competition ...

Source: Agravery