The price increase in late July on the Ukrainian market for genetically modified Soybeans started and has continued this week, although price increases have slowed somewhat.
Some deterrence of sales by farmers, their unwillingness to divulge due to high logistics costs and the expectation of further price increases have further supported the price situation. The demand from representatives of the manufacturing industry Soybeans However, has declined significantly, which has been a key factor in containing a major price rise.
According to the market operators, the oil refiners mainly formed the necessary stocks of raw materials, so they only bought them in small quantities.
After this period, the demand for genetically modified soybeans increased to 269-338 €/Tonne compared to €264-336/ton last week.