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Potential increase in soybean prices

Lena Hartanto
Updated Apr 5, 2021
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.
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