Prices for soybeans on the Ukrainian export market reached $437–447/t CPT port in early March, which is the highest figure for this sector since February 2024, according to the information and analytical agency APK-Inform.
“The Ukrainian market continues to receive support from the global soybean sector, in particular due to a certain delay in the harvesting and delivery of soybeans in Brazil amid difficult weather conditions, as well as due to the growth of soybean prices in Chicago under the influence of a further increase in soybean oil prices in the US,” the agency noted.
Analysts noted that the domestic market continues to see a trend toward higher prices due to intense competition between processing companies and exporters. Demand prices have risen by 200-500 UAH/ton over the last period, depending on the region and demand for raw materials.
At the same time, experts predict a possible decline in export prices in the near future due to an increase in the supply of new crops from South America. However, in their opinion, the factors supporting high levels will remain military actions in the Middle East, oil market volatility, and increased demand for soybeans from China.
