Soybeans

Processors in the central region of Ukraine continue to reduce soybean meal prices


In June, in the central region of Ukraine, a gradual decline in sales prices for Soy meal continued, but this week the pace has slowed somewhat.

As before, the purchase activity of consumers is an important factor for the pressure, despite the slight increase, due to the quantities of finished products required so far for the medium and long term due to the low pressure. In addition, the price decline was fueled by increasing competition from sunflower seeds.

Under the influence of the above factors, the asking prices for soybean meal in the central region of Ukraine have fallen by an average of €32,5/ton since the beginning of the month, and from June 15 they often range from €391,5-473/ton.

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