Ukraine: prices for new crop soybeans to become lower compared with the current level

Ukraine: prices for new crop soybeans to become lower compared with the current level

Ukraine: prices for new crop soybeans to become lower compared with the current level

The FINANCIAL -- 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, according to APK-Inform.

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.