The price of soybean meal is increasing due to the reduction in exports from Argentina
the European feed market is concerned about the instability of supplies of soybean meal from Argentina, especially against possible crop losses due to adverse weather conditions, which had a direct impact on prices.
Experts exchange Buenos Aires assess the condition of 37.3% of the crop as good to excellent, whereas a year ago the figure was 52.6 per cent.
Last shipments of the Argentine meal in the EU is scheduled on 20 and 31 January, after which it will break in the supply at least until March. A long period of lack of supply affects the price of a meal in the EU.
So, CIF Rotterdam Argentine high-protein meal production rose from Wednesday 8 $/t up to 384 $/ton, while the price of Brazilian meal increased by 1 $a/t to 394 $.
the price of the European vysokopolnogo meal on FOB Rotterdam rose by 6 $/ton to 390 $.
Possible reduction in the supply of meal activates soybean imports in the EU and will allow to increase procurement prices for soybeans GMO in Ukraine.