New
Transform your trade strategies with Market Brief, Tridge’s AI-powered market insights.

Soybean and sunflower prices in Kazakhstan have decreased, while other oilseeds have increased slightly

Published Dec 20, 2024

Tridge summary

The Grain and Oilseeds Bureau reported a decrease in soybean and sunflower prices, with sunflowers dropping by 18 $/t to 310 $/t and soybeans by 15 $/t to 352 $/t. Meanwhile, safflower and flax prices increased by 178 $/t and 384 $/t respectively. Rapeseed and mustard prices remained stable. The decrease in sunflower prices is due to a drop in export demand prices for unrefined sunflower oil to $980-1000/t on the China border, putting pressure on sunflower prices.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Grain and Oilseeds Bureau, prices for soybeans and sunflowers decreased in the country during the week, while other oilseeds increased slightly. Thus, prices for sunflowers decreased by 10 thousand tenge/t or 18 $/t to 164 thousand tenge/t or 310 $/t, and for soybeans - by 7 thousand tenge/t to 186 thousand tenge/t or 352 $/t. Experts from the bureau advise farmers to sell soybeans as soon as possible, as prices for them will continue to fall. At the same time, safflower rose in price by 4 thousand tenge/t to 94 thousand tenge/t or 178 $/t, and flax - by 1 thousand tenge/t to 203 thousand tenge/t or 384 $/t. At the same time, prices for rapeseed (at 209 thousand tenge/t or $393/t) and mustard (215 thousand tenge/t or $407/t) remained unchanged. In November and early December, prices for sunflower and flax grew steadily, and processors ...
Source: Graintrade
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.