Low demand from processors puts pressure on soybean and rapeseed prices in Ukraine
Canola Seed & Rapeseed
Soybean
Ukraine
Published Sep 21, 2022
Original content
In Ukraine, the rapeseed market has always been dominated by exporters who bought up to 95% of the crop, while in the soybean market, processing volumes have gradually increased in recent years. However, the military invasion of the Russian Federation changed the situation, and it is difficult for processors to restore processing volumes against the background of a drop in demand for meal and pulp. As the export of rape through the Black Sea ports resumed, the purchase prices for rape in the ports rose to $460-475/t or UAH 17,000-17,300/t, which supports the prices of soybeans and sunflowers. Prices for GMO soybeans with delivery to the factory remain at the level of UAH 13,000-13,500/t, which increases competition with exporters who offer UAH 14,500-15,000/t or $355-390/t for it at the port. Over the past week, processors have raised prices for non-GMO soybeans by UAH 500/t to UAH 14,000-14,500/t with delivery to the factory, as export demand prices for supplies to the western ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.