Ukraine increases soybean exports: active demand against the background of reduced supply

Published Aug 13, 2024

Tridge summary

Soybean prices in the domestic market have surged due to a combination of seasonal supply shortage and escalating demand from both export and processing sectors. Export activities have seen a significant uptick, with nearly 79,000 tons exported in the first half of August, compared to 66,000 tons in July and 14,000 tons in the same period last year. This surge in demand is largely driven by issues with yield in Ukraine, leading to increased purchasing activity by processors.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Prices on the domestic market of soybeans continued to rise against the background of a seasonal reduction in the supply of raw materials and a noticeable increase in demand from both export-oriented companies and processors. APK-Inform writes about this. On the export side, there was a fairly high demand for oilseeds of both the old and the new harvest. It should be noted that almost 79,000 tons of soybeans were exported in 8 days of August, compared to 66,000 tons in the same period of the previous month and 14,000 tons in 8 ...
Source: Agravery
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