In Ukraine, processors have stepped up purchasing soybeans

Published 2024년 8월 7일

Tridge summary

Agricultural cooperative PUSK has reported low yields of ultra-early soybeans in certain areas, with indicators as low as 1.5-1.8 tons per hectare, leading to a very illiquid soybean market. Factories are becoming more active, purchasing soybeans at prices reaching UAH 18,000/t in some regions, as they anticipate that producers will not sell at low prices and will wait for prices of UAH 20,000/t or higher. Factories are also trying to collect soybean batches at prices of 17.5-18,000 UAH/t to serve as an insurance stock for the start of the new season.

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

Original content

This is reported by analysts of the agricultural cooperative PUSK, created within the framework of the VAR. "The yield of ultra-early soybeans in some areas remains very low, the indicators are terrible: 1.5-1.8 t/ha. The soybean market is very illiquid. Factories are already starting to become more active: purchase prices for soybeans in some regions reach UAH 18,000/t, which confirms the already concluded agreements with large processors. Factories understand that due to a bad harvest, many producers will not sell soybeans at low prices, but will wait for price tags at the level of UAH 20,000/t and higher. And it is necessary to process, because the factories have signed contracts for oil and meal," - stressed PUSK. Analysts note that factories are currently trying to ...

Source: AgroPortal.ua