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According to the monitoring data of AI "APK-Inform", the price of soybeans in Ukraine is falling for the second week in a row. The resulting situation is due to the large number of offers of this product on the market. As of November 13, 2024, demand prices for soybeans (GM) are mostly fixed at no higher than UAH 18,200/t SRT, which is lower than the maximum prices announced at the beginning of November by an average of UAH 1,000/t. We will remind that the maximum demand prices for soybeans in the same period last year were usually announced at the level of UAH 16,000/t of SRT.

Increased precipitation and improved conditions for soybean planting in Brazil predictably increased pressure on world prices, which could not be supported even by a sharp decline in the forecast of soybean crop in the United States. Increasing soybean supplies from South America to the EU and Pakistan's permission to import GMO soybeans has collapsed the

Soybean prices in Ukraine are falling against a background of reduced export demand caused by increased supplies from South America.