News
21.05.2009
Oil crops will be the main source of profit for Ukrainian farmers it the next season
The main indicator of global oil crops prices – Chicago Board of Trade brings positive signals for Ukrainian farmers. We observe four weeks soybeans price running. July futures added 1,1 to 1,2 bucks for last month reached 11,1 usd/bu of soybeans, that is very good price. September futures also added about a buck to the last month price stepped over $10 edge.
Andriy Tovstopyat an analyst of Ukrainian Agribusiness Club assumes that in the case US farmers would not be able to finish soybeans planting at the nearest week we may watch high prices of oil crops next season. “Since my arrival to
Thereby we may assume that Ukrainian farmers who survived troubles with planting their oil crops and recent frosts, they will get a beneficial price this fall. This tendency is supported by other oil crops markets: rapeseed futures at Euronext are rated at 430 usd/ton (40 dollars rise) and sunflower futures reached 350 usd/ton level at Budapest Commodity Exchange (+50 USD for last month). Besides, increasing crude oil prices and high demand for vegetable oils are support price raise as well.
Ukrainian Agribusiness Club
