Ukrainian soybean market operates primarily through processing demand and exports
Ukrainian GMO soybeans on the basis of CPT Parity Odesa fell to $499/t incl. VAT (-$1/t) against the backdrop of weak stock market dynamics in the USA. This is reported by Spike Brokers.
At the same time, the Ukrainian market is supported by active exports of soybean oil and meal, as well as stable demand from processors and European buyers.
“The market works due to processing demand and export of products, and not due to broad demand for the beans themselves,” the brokers noted.
Meanwhile, soybean exports from Ukraine amounted to 13.4 thousand tons. The main export destinations:
- Greece – 4.4 thousand tons;
- Poland – 2.4 thousand tons;
- Germany – 2 thousand tons;
- Hungary – 1.7 thousand tons;
- Austria – 1.6 thousand tons;
- Turkey — 0.9 thousand tons
Producers also exported 12.5 thousand tons of soybean oil and 24.3 thousand tons of oilcake.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon