In the spring of 2020, the plant “Primorskaya Soya” may only resume operation if it is profitable, reports UkrAgroConsult.
Now there are a number of reasons making losses inevitable:
- growth in soybean prices and a decrease in those for soybean meal;
- weak development of livestock raising in the region and weak demand for soybean meal;
- impracticality of transporting products to the European part of Russia due to high transportation and time expenditures;
- growth in soybean oil exports to China and Korea, even together with domestic sales does not offset losses related to soybean crush.
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