Soybean exchange trading launched in Russia

23.08.2018

The opening of a Russian exchange floor for soybean trading was presented at an international exhibition fair of cross border trade in Suifenhe. It aroused great interest from Chinese entrepreneurs. The interest of buyers consists in the opportunity to purchase high-quality product at the producer price via auctions and exchange trading. This is achieved by eliminating wholesale middlemen from the trade chain, reports UkrAgroConsult.

Initially, some 7 KMT of soybeans of Primorye origin has been put up for sale. The number of participants of soybean exchange trading is expected to rise significantly in the near future, including at the expense of Chinese importers. This will be promoted by China’s growing need for soybeans along with its interest in the pollutant- and GMO-free product from Russia.

Over 200 KMT of new-crop soybeans are expected to be exported from Primorye region to China in the 2018/19 season.

Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.

Examine the art of forecasting grain and oilseed prices, spreading and applying right hedging strategies for your business at the Specialized Workshop PRICE FORECASTING, SPREADING AND HEDGING STRATEGIES” within the VI International Conference ‘Black Sea Oil Trade’. Workshop will be held on September 19 in Aloft hotel (Esplanadna street 17), Kyiv, Ukraine.

The workshop will be based on the US market forecast model (corn-soybean), adapting methodology for Ukrainian market. Speakers have over 20 years of experience in grain trading, global agricultural market analysis, risk management and development of effective business strategies.

The seminar will be useful for traders, agri producers and market analysts, will feature practical tasks and cases.

 

UkrAgroConsult

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