Deficit of soybean oil on the export market plays into the hands of Ukraine




According to APK-Inform figures, in the current week the Ukrainian export market of soybean oil demonstrated the upward price trend. The situation developed, due to the high demand in terms of rather limited number of the product offers.

Thus, the bid prices of Ukrainian soybean oil increased by nearly 20 USD/t compared with the previous week, and as of August 6 they mainly varied within the range of 610-630 USD/t FCA, against 590-610 USD/t FCA last week.

As a reminder, on October 30, 2019, in Kyiv (Hilton Kyiv) the leaders of the fat-and-oil industry of Ukraine, as well as the largest producers and importers of oilseeds and its by-products in the world, will discuss the most burning market trends during the eighteenth international conference "Fat-and-Oil Industry".