Prices for soybeans and sunseed in Kazakhstan declined, while other oilseeds rose slightly

In Kazakhstan, the prices for soybeans and sunseed have seen a decrease, with sunseed dropping by $18/t to $310/t and soybeans by $15/t to $352/t. This is according to the bureau "Grains and Oilseeds. Kazakhstan". Meanwhile, prices for safflower and flax have increased, and the prices for rapeseed and mustard have remained stable. The decrease in soybean and sunseed prices is due to falling export demand prices for crude sunflower oil, which has led to a sunseed price drop of $100/t to $407/t at the Chinese border.

According to the bureau “Grains and Oilseeds. Kazakhstan”, during the week the prices for soybeans and sunseed decreased in the country, while other oilseeds slightly increased. Thus, the prices for sunseed decreased by 10 thsd tenge/t or $18/t to 164 thsd tenge/t or $310/t, and for soybeans – by 7 thsd tenge/t to 186 thsd tenge/t or $352/t. Experts of the bureau advise farmers to sell soybeans as soon as possible, as prices will continue to fall. At the same time, safflower went up by 4 thsd tenge/t to 94 thsd tenge/t or 178 $/t, and flax – by 1 thsd tenge/t to 203 thsd tenge/t or 384 $/t. At the same time, prices for rapeseed remained unchanged (at 209 thousand tenge/t or 393 $/t) and mustard (215 thousand tenge/t or 407 $/t). In November and early December, prices for sunflower and flax grew steadily, and processors reported a ...