Cepea, November 3, 2021 – Soy oil prices set new nominal records in the series of Cepea (since July 1998) in October. In real terms (monthly average deflated by the IGP-DI from Sept/21), the average in October was the highest in 12 months.
Soy oil prices have been on the rise in Brazil since 2020, more recently underpinned by higher demand, oil valuations and increases in the export premiums from Brazil
Fonte: CEPEA
