The price of sunflower and soybean in Ukraine remain under pressure
In the updated report to the Agency "APK-inform" evaluation of the harvest of oilseeds in Ukraine in 2018 increased compared to the previous forecast of 21.7 to a record 22 million tons, which is 10% higher than the previous season. The yield of oilseeds will also be a record or close to record levels.
thus, in comparison with the previous year, Ukraine will increase production of sunflower by 11% to 14.9 million tonnes, rapeseed – 21% to 2.7 million tons, soybeans by 4% to 4.4 million tons.
the purchase Price of sunflower seed delivered to the plant remains in the range 10000-10500 UAH./t, however, processors have almost stopped the purchase through a large amount of accumulated material.
the Demand for soybeans from the processors are also very low, while exporters stepped up its purchase and offer in the port 328-330 $/MT for soybeans with GMOs and on the border Ukraine-Poland 350 $/t for soybeans non-GMO.