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Firm demand for soy oil and higher export parity raise soybean prices in BR

Cepea, May 4, 2022 – Soy oil prices increased in Brazil in April, reflecting the high world demand. Despite the end of truckers’ strike in Argentina, the country is expected to produce a lower volume of soybean by-products this season because of the lower supply of soybean. Besides, higher exports of soybean and soybean products from Argentina added to the lower world supply of palm and sunflower oils have been raising the demand for soy oil in the USA and in BR, boosting soybean prices in both countries
Fonte: CEPEA



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