The wholesale price of Brazilian soybean oil rose by +6.83% YoY. The price stood at BRL 172 per box in W4 Dec 2021, compared to the previous year was BRL 161 per box. Due to unfavorable weather, Brazilian soybean oil production disrupted led to decreased supply. On the other hand, improved demand in the global market led the price to surge in W4 Dec 2021.
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