Prices for Ukrainian soybeans, which had been in high demand in the fall, have fallen sharply due to global market conditions. Analysts expect this trend to continue in the coming months.

This was discussed on January 30 during a weekly briefing organized by the analytical center of the First Ukrainian Agricultural (FUAC), created within the UAC.

"Ukrainian soybeans are 30-40 USD per ton more expensive than their Brazilian counterpart, so its supplies to most countries no longer count. Currently, only Egypt generates high demand for Ukrainian soybeans. But the global trend is downward. The stock exchange is falling, and prices for American and Brazilian soybeans are declining. We can predict that in February, the conditional prices for soybeans will be at 410 USD per ton on a CPT basis," the analysts from the FUAC said.

Ukrainian processors are also reducing their purchase prices for soybeans.

"Processors' indicative prices are at the level of 18,300-18,500 UAH/t, but the real prices are lower. By the end of February, the market will reach the range of 17,000-17,500 UAH/t. The price and demand for soybean meal in the EU are falling, so Ukrainian mills will reduce the rate of meal exports to the EU. Prices are not expected to recover until May-June," the FUAC summarized.