The idea of deputies to introduce a 10% duty on soybean and rapeseed exports starting July 1 may significantly lower prices for these crops in Ukraine as early as next week.
Forward prices for rapeseed in Ukraine increased by another 10-15 $/t over the week, although prices on the Paris exchange did not change, while oil prices rose by 9%, and Canadian canola - by 4.6%. This indicates an increase in supply in the EU against a backdrop of minimal demand.
Wheat prices during the week again slightly decreased, and the results of recent importers' tenders demonstrate an increase in supply and price decline.
Procurement Prices in Ukraine