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The cost of soybeans in Ukraine continues to increase

The cost of soybeans in Ukraine continues to increase

The cost of soybeans in Ukraine continues to increase

Soybean prices in Ukraine continue to increase.

Such information was provided by Grain Trade.

The report said that today the price of soybean with GMOs in ports is 365-372 dollars per ton, or 12.5-12.8 thousand UAH per ton, and soybeans without GMOs cost 390-395 dollars per ton or 12.8-13 thousand UAH per ton.

It should be recalled that during the first half of the current marketing year, Ukraine exported 1.230.000 tons of soybeans, which is 2.6% less than during the first half of the last MY.

Exports to the European Union countries have almost doubled in the reporting period and now amounted to 34% of the total exports of this crop. Moreover, soy is actively imported by Egypt, Turkey and Belarus. Export rates to these countries were 14%, 26% and 7% respectively.

Soybean prices in Ukraine continue to rise, reflecting restrained optimism in the market. Growing demand for soybeans as a source of high-quality protein and natural oils creates a favorable situation for producers and exporters. Ukraine, as one of the largest soybean producers in the region, is well prepared to take advantage of these opportunities. However, such changes in the market require attention and adaptation from farmers and investors.Study market trends, predict price changes and make informed decisions for successful development in the agricultural industry.Our company provides useful information and advice to help you succeed in cultivation and trade of soybeans in Ukraine.