The purchase price of soybeans and sunflower in Ukraine continue to rise following the world

balance January USDA soybean led to a sharp rise in stock prices of soybeans and soybean meal. Followed by increased prices for soybeans and sunflower on physical markets of the USA, Ukraine and Argentina.

However, this growth will soon be limited by lower prices for vegetable oils, as in the January report, USDA forecasts production and ending stocks of all vegetable oils has been increased compared with the December estimates.

Yesterday on the stock exchange in Chicago amid lower prices for soybean oil by 1.7% to 927 $/t and fixation of profit by traders soybean futures fell 1.1% to 517 $/ton, soybean meal at 1.5% to 506 $/t

Futures on palm oil exchange in Malaysia Monday fell by 3.7% to 3692 Ringgits/t or 913,4 $/t

amid a sharp increase in world market prices for soybeans, wheat and corn in Ukraine continued to rise purchase prices for soya and sunflower. Refiners increased the price of sunflower for another 500-600 UAH/t to 21600-22000 UAH/t with delivery to the plant, however, producers in anticipation of further growth of prices again stopped the sale.

Export price of soybeans increased by 10-15 $/t soybeans with GMOs up to 510-520 $/t or 17150-17300 UAH/t at the port and the soy non-GMO 535-545 up to $/t at the port or 555-560 $/t at the border with Poland and Belarus.

the Processors has also increased prices for soybeans delivered to the plant: soybeans GMO 200-300 UAH/t to 17600-17700 UAH/t (equivalent 535-540 $/t at the port), for soybeans without GMO in 17700-17900 UAH/t (equivalent 545-550 $/t in port),

lower demand for biodiesel increases pressure on the prices for palm oil, which limits the rise in prices of soy and sunflower oil, especially amid the recovery of exports from Argentina, which during December and early January was blocked.