There is a shortage of Ukrainian soybean meal on the Polish market, prices have risen

Published May 11, 2023

Tridge summary

Import restrictions on Ukrainian agricultural products, particularly soybean meal, in various EU countries, including Poland, have led to a supply shortage and price surge in the Polish market. Despite Poland's permissive approach, Ukrainian suppliers have rerouted the scarce soybean meal to countries that have not imposed bans, such as Hungary, amid the disruption. This situation has prompted a significant increase in soybean prices in Ukraine, with further risers expected in the coming weeks. The rise in soybean prices is attributed to the shortage and the higher demand for soybeans in both domestic and international markets. The article also highlights the benefits of soybean farming in Ukraine, such as its ease of cultivation, suitability as a crop rotator, and its role as an essential export crop.

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

Original content

Bans on the import of Ukrainian agricultural products led to a shortage and hyped demand for soybean meal in Poland. So far, Poland has allowed deliveries of soybean meal, but Ukrainian suppliers have already sent the meal to other countries. As a result, soybean prices in Ukraine have increased over the past week, the press service of the VAR reports. Follow the news in a convenient format: Follow us on Twitter Soybean meal prices in Poland jumped by $30-$50/t spot as mills ran into shortages. Polish companies counted on Ukrainian products, but the meal did not arrive due to the unexpected introduction of bans by a number of EU countries, in particular Poland. Ukrainian suppliers, not understanding the situation, quickly re-signed contracts and directed trucks with meal to Hungary and other European countries of the EU, which did not impose a ban on deliveries. The deficit caused an increase in soybean prices in Ukraine on the part of processors, the analytical department of PUSK ...

Source: Landlord