Soybean prices in Ukraine continued to increase over the past week. The main driver remains limited supply, as farmers are still holding back sales, reducing the availability of soybeans on the market, ProAgro Group reports.
According to White Brokers, DAP port prices were formed at the following levels:
- $440 per ton (around UAH 20,000 per ton) for GMO soybeans;
- $447 per ton (around UAH 20,300 per ton) for non-GMO soybeans.
Analysts note that the current situation largely mirrors the corn market: due to minimal selling activity by farmers, buyers are forced to compete for limited volumes.
Additional support for prices came from rising soybean quotations on global exchanges. The recent increase in futures prices has quickly been reflected in Ukraine’s domestic physical market.
At the same time, the market is seeing increased activity in forward contracts, particularly along the western border. Traders are seeking to secure future supply volumes amid a shortage of spot market offers and heightened price risks.
Demand from domestic processors remains stable. A portion of soybeans is sold on the domestic market, as deliveries to processing plants are not subject to the 10% export duty, making this sales channel more attractive for traders.
As reported earlier, soybean exports in the 2025/26 marketing year are expected to decline by around 37% compared to the previous season. The key trend is a shift away from raw soybean exports toward shipments of processed products, including soybean oil and soybean meal.
Source: Latifundist.com
