On-the-Ground Update

Will peanut oil prices finally subside in Brazil?

Peanut Oil
Brazil
Market & Price Trends
Rene Barreto
Published Mar 29, 2021
The 25 kg bag on the farmgate went from R$ 60 a year ago to R$ 100 this year, up 67%, largely due to the strong demand from the peanut oil processing industry. However, this fierce demand from the vegetable oil industry, somehow indexed to the price of soybean oil, is also showing signs of decline due to the strong soybean harvest in South America, led by Brazil. On the Chicago Board of Trade, Refined Soybean Oil (RSBO) has already decreased by almost 9% last week. Some believe it is only a matter of time before the peanut oil industry feels the trend change in vegetable oils.
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