Ukraine’s soybean complex demonstrates internal asymmetry
Meal is a growth driver, while oil remains under pressure, which is changing the economics of processing and affecting global trade flows.
This is reported by analysts at Spike Brokers.
The Ukrainian soybean market is characterized by price stability: export levels remain around $448 CPT, while domestic demand from processing forms a premium of up to $484 with VAT. This supports the domestic market, but does not stimulate active expansion of supply. The export structure demonstrates a concentration on the European direction, with the key role of Germany, which forms a significant share of shipments.
In the segment of processed products, the key factor remains demand for meal, in particular from China, which forms the main import flow for Ukrainian products.
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