Agri Commodities Preview: Ukraine Soybean Inventories Down 16% Over Year

According to current information of the State Statistics Committee, sunseed stocks in Ukraine totaled 3512.9 KMT as of April 1, 2018 that is 9.5% less than by the same date last year (3881.3 KMT). This included 1714.8 KMT held by growers (down 369.6 KMT or 17.7% from the same date in 2017), while storing and crushing companies accounted for 1798.1 KMT (down 1.2 KMT or 0.07%), reports UkrAgroConsult.

As of April 1, 2018, soybean inventories held by crushing companies were down 16% on the year at 367.8 KMT against 438.3 KMT as of April 1, 2017. At the same time, rapeseed stocks were almost 10% lower than a year ago (57.1 KMT and 63.3 KMT, respectively).