Ukraine: prices for new crop soybeans to become lower compared with the current level — expert
In Ukraine the prices for soybean of the harvest-2015 will decrease by 5-10% compared with the current price level, declared Yuri Ruban, Senior consultant at Agritel International, during the third conference «Ukrainian soybean market: prospects for development in 2015-2020» in Kiev on April 27.
The expert said that the impact of such factors as growing of the USD/UAH exchange rates, and the historic minimum of petroleum prices, will slow down any possible increasing of soybean prices.
As for the soybean prices in Ukraine until the end of the season, then despite the fact that the country already realized the export potential at 90%, the demand from both oilseed processing plants and exporters is very high, and the prices in Ukraine may slightly increase, said Yu.Ruban.