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Firm demand and lower inventories push up prices in Brazil

Cepea, August 16, 2021 – Soybean prices continued to rise in the Brazilian market in the first fortnight of August, influenced by the high demand from the international market, higher demand from Brazilian processors and expectations for lower ending stocks in South America. Besides, with Paraná River (which crosses Brazil, Paraguay and Argentina) at low levels, agents are worried about fluvial exports in Argentina, largely from the ports of Rosário and San Lourenzo. It is worth to mention that this situation is not expected to change in the short and mid-terms
Fonte: CEPEA



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