March 26, 2012

Ukraine's soy market prices continue to rise

The Ukrainian market of soy shows the development of purchasing prices up to present.

Many companies reported about the insufficient number of the raw material offers from the oilseed holders, forcing them to raise the bid prices for activation of supplies of soy.

At the current moment, the declared bid prices vary within the range of UAH3,800-3,900/tonne (US$473..43-$485) CPT and not less than UAH3,700/tonne (US$461) EXW. It is worth noting that some companies are willing to raise the purchasing prices, but mainly on the relatively large volumes of the raw materials.

In their turn, market participants do not exclude the possibility of the further price increasing.

As a reminder, in the previous week bid prices for soy were declared within the range of UAH3,650-3,750/tonne (US$454-$467.2) CPT, and beginning from UAH3,500/tonne (US$436) EXW.