As of June 3, soybean exports from Ukraine slowed down and amounted to only 1500 tons, while significant stocks of 700-800 thousand tons remain in warehouses, according to the analytical cooperative “Start”, created within the framework of the All-Ukrainian Agrarian Council (AAC).
“The soybean market is now in the off-season period, when the activity is significantly reduced. The main liquidity is currently provided by processors who maintain a high level of demand for raw materials. The average purchase price from processors already exceeds 19 thousand UAH/ton, and further price growth can be expected. Soybean exports are expected to remain weak in the coming months. Most of the transactions are made for cash. This also affects the volume of supplies abroad. On the stock market of soybeans, we are likely to see the downward trend reversal and attempts of growth,” the analysts said.
The experts also added that despite the overall weakness of exports, there are positive signals from the Polish market.
“Polish companies are showing considerable interest in Ukrainian soybeans. On the border with Poland, soybean prices are $410-415/ton. In the ports, the conditional prices on CPT basis are about $435-440/ton,” the UAC stated.
