It is predicted that there might be an increase in soybean price within Q2 2021 due to the low supply of Soybeans from its main exporting countries, the USA, Brazil, and Argentina. With the ongoing pandemic Covid-19, these soybean-producing countries will prioritize fulfilling their domestic market.
The high predicted price of Soybean will also affect the price position of Palm Oil, its substitute product.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.