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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
