Processors have intensified their purchases of soybeans and are raising prices.

In the Ukrainian market, soybean prices have resumed their growth. The main reason is active purchases by processing enterprises and limited raw material supply. This is reported by the analytical department of the agricultural cooperative PUSК, created within VAR. Read all news of the elevator market in our Telegram channel According to analysts, support for oil crops, including soybeans, is provided by an external energy factor: rising oil prices increase demand for vegetable oils. At the same time, the main driver of the market is domestic processing. Demand for soybean meal and oil is growing, which stimulates factories to make active purchases. "In the last week, some processors raised purchasing prices by 500 UAH/t. We are already seeing a level of about 22,000 UAH/t. By the end of April and beginning of May, there are all prerequisites to expect 22,500 UAH/t. At the same time, considering the current market conditions, a rise to 23,000–24,000 UAH/t is not excluded," PUSК ...