Import of soybeans to Ukraine from Brazil may reduce purchase prices

2021-04-29 12:03:40
Machine translation
Import of soybeans to Ukraine from Brazil may reduce purchase prices

< span style="font-size:14px;">the news about a ship with 51.5 thousand tons of Brazilian soybeans, which entered the Port of Yuzhny for delivery to the Allseeds oil extraction plant, no longer shocked the market, as it happened in May 2020, when Ukraine imported soybeans from South America for the first time in history.

 

< span style="font-size:14px;">the decrease in soybean production in Ukraine against the background of active exports, especially non-GMO soybeans, increases its shortage at the end of the season, so large processors are ready to import raw materials to load capacity.

 

< span style="font-size:14px;">soybean supplies from Brazil will increase the supply of soybean meal in the domestic market of Ukraine and increase pressure on purchase prices for soybeans.

 

< span style = "font-size:14px;" >in Ukraine, processors keep purchase prices for soybeans with GMOs at a high level of 18200-18500 UAH/ton with delivery to the plant, which is equivalent to 5 585-600/ton in the port, while exporters are not ready to pay for it more than 5 520-530/ton. 21800-22000 UAH/ton with delivery to the port or border, while processors offer 21200-21800 UAH/ton and buy only soy with a high protein content.

 

< span style="font-size:14px;">prices for Argentine and Brazilian soybeans rose to 5 550-560/ton FOB, and for American soybeans – to.590-600/ton FOB amid a reduction in stocks.

 

yesterday on the Chicago Stock Exchange, May soybean futures rose 0.5% to 5 573/ton, while November soybean futures fell 1.1% to 4 488/ton against the background of accelerating sowing in the United States. < / span> < / p>

 

< span style="font-size:14px;">increased soybean supplies from Brazil to the EU under previously concluded agreements reduces the demand for expensive Ukrainian meal and cake from EU countries, which leads to a decrease in domestic supply prices for these goods.

 

< span style="font-size:14px;">as a result of increased supply in the EU domestic market, demand prices for soybean oil from European buyers stabilized at 1 1300-1330/ton with delivery to the border, even despite the growth of quotations on the Chicago Stock Exchange.

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