Soybean Prices in Ukraine Continue to Climb as Supply Tightens

Soybean prices in Ukraine have been steadily increasing over the past week, driven by strong demand at ports and a reduced supply of raw materials. Processors and exporters continue to compete for available stocks, leading to higher purchase prices in both domestic and export markets.

Increased Prices in Domestic and Export Markets

Processing companies are offering between 16,800 and 17,000 UAH per tonne for soybeans on a CPT basis. Some buyers with urgent contracts for soybean meal deliveries are even willing to pay a premium for bulk quantities.

On the export side, demand prices for soybeans delivered to Odessa and Danube ports have climbed further, now reaching between USD 0,380 and USD 0,390 per kg. The limited supply of soybeans is providing strong support to prices, with exporters actively securing stocks to fulfill existing orders.

Global Market Influences on Prices

The steady rise in soybean prices is being reinforced by several global factors. Delays in Brazil’s harvest due to excessive rainfall have slowed down the flow of new supplies into the global market. At the same time, Argentina continues to struggle with insufficient rainfall, limiting the expected yield of its soybean crop.

Ongoing drought conditions in key growing regions have also contributed to concerns about lower global production. This uncertainty has kept international prices firm, supporting the continued rise in Ukrainian soybean prices. Additionally, discussions about potential trade tariffs by the new U.S. administration on Chinese goods have further fueled market uncertainty, impacting soybean trade flows and price expectations.

Market Expectations in the Coming Weeks

As supply tightens and demand remains firm, soybean prices in Ukraine are expected to remain strong in the near term. Farmers and traders are closely monitoring global developments, with some choosing to hold onto stocks in anticipation of even higher prices. Exporters will continue to compete for limited supplies, and any further weather-related disruptions in South America could provide additional support for price increases.

Overall, the market outlook remains positive for soybean growers and traders, with strong demand likely to sustain prices in the short to medium term.





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