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The Ukrainian soybean market is showing significant results not only on the export side but also on the domestic side, with the exports of soybean oil to Europe increasing significantly and the prices of soybean product locally remaining on the rise. Recent market reports have indicated that Ukraine has now managed to capture nearly half of the European market for soybean oil. The prices of soybean oil rose by *.*** in January **** following the trend of the past month. Experts have noted that this increase is a manifestation of a larger trend in which European buyers of soybean oil are increasingly looking towards value-added products as opposed to raw materials, and this has helped the country solidify its place as a major provider of such products.
The sharp increase in Ukrainian soybean oil exports can be attributed to the quality and...
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