In the soybean sector, prices continued to strengthen under the influence of growing demand, as well as external factors, including news about China's potential purchase of soybean batches from the USA. However, due to the lower cost of Brazilian soybeans, as well as the import duty on North American soybeans in the PRC (13%), market participants do not expect significant supplies of the latter to the PRC.
This is reported by APK-Inform.
Demand prices for Ukrainian soybeans at the ports increased to 398-410 USD/t SRT-port. Demand prices for Ukrainian soybeans on CIF Marmara terms were quoted at 445 USD/t.
On the domestic market, demand prices for soybeans increased by 100-300 UAH/t over the week.