X
XLinkedinWhatsAppTelegramTelegram
0
Read this article in:

Brazil: Paranaguá soybean indicator rises

The demand and price of soybeans to produce oil for biodiesel is increasing.

11 March 2022
X
XLinkedinWhatsAppTelegramTelegram
0

The soybean indicator ESALQ/BM&FBovespa - Paranaguá (PR) exceeded 200 Brazilian reals per 60-kg bag for the first time in history on Thursday, February 24, but fell back the following day. Between February 18 and 25, the indicator rose 1.41% to 198.67 reals per 60-kg bag.

With domestic and foreign demand heating up, the dispute between domestic and international agents remains intense. This scenario, combined with expectations of poor harvests in South America, drove export premiums and domestic prices to record levels.

In the international context, quotations rose, influenced by the war between Russia and Ukraine, as it affects exports from the Black Sea region. Russia is the second-largest exporter of oil, a factor that increased the value of this product in the United States. This results in an increase in the price of soybean oil as it is used as a raw material in biodiesel production.

March 2, 2022/ CEPEA/ Brazil.
https://www.cepea.esalq.usp.br

Article Comments

This area is not intended to be a place to consult authors about their articles, but rather a place for open discussion among pig333.com users.
Leave a new Comment

Access restricted to 333 users. In order to post a comment you must be logged in.

You are not subscribed to this list pig333.com in 3 minutes

Weekly newsletter with all the pig333.com updates

Log in and sign up on the list

Related products in the shop

The shop specialized in the pig sector
Advice and technical service
More than 120 brands and manufacturers