International statements influenced the cost of Ukrainian soybeans

In Ukraine last week, the cost of soybeans in ports increased, directly linked to changes in the global market following significant international statements. This is reported by APK-Inform. Demand prices for Ukrainian soybeans on CIF port terms rose to 392 – 405 USD/t. The rise in soybean prices in Ukrainian ports was a reaction to similar dynamics in the global market. The surge in quotations was caused by the results of the meeting between the presidents of the USA and China and statements about the resumption of China's purchase of American soybeans by the end of this year. Despite some market skepticism about the quick implementation of these statements, demand intensified. There was a noted increase in demand from EU countries and Turkey. The rise in hryvnia demand prices in ports, in addition to external influence, was also supported by internal factors: On the domestic market, processing enterprises also increased demand prices by an average of 200 UAH/t. During ...