Ukrainian Soybean Market Faces Declining Prices

Soybean prices in Ukraine remain under pressure due to a drop in export demand. Improved weather conditions in Argentina and a dry spell in Brazil have reduced speculative pressure on the global soybean market, affecting demand for Ukrainian products.

Price Trends: GMO vs. Non-GMO Soybeans

• GMO soybeans: Export prices fell by USD 2-5 per tonne, now ranging between USD 0,39 to 0,41 per kg.
• Non-GMO soybeans: Prices increased by USD 5-10 per tonne, reaching USD 0,46 to 0,47 per kg, driven by low supply from farmers.

Processors are maintaining purchase prices at USD 0,37 to 0,39 per kg for GMO soybeans, and USD 0,41 to 0,42 per kg for non-GMO soybeans. However, challenges in exporting meal and cake and limited domestic demand are restricting sales volumes.

Export and Processing Challenges

In January 2025, soybean exports dropped by 38% to 223,000 tonnes, the lowest monthly figure this season. However, processing volumes increased by 4% to 260,000 tonnes due to reduced sunflower processing. Despite this, margins are decreasing, which could lead to a slowdown in processing in February.

Conclusion: Uncertain Market Outlook for Ukrainian Soybeans

The Ukrainian soybean market continues to navigate weak export demand and processing challenges. While non-GMO soybeans have seen price gains, the overall market remains cautious. With global competition increasing and domestic sales slowing, the market will likely stay under pressure until demand improves or export dynamics change.

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