The Imea bulletin shows a rise in the price of soybean oil due to higher demand and a drop in meal prices due to excess supply.
원본 콘텐츠
Soybean oil and meal prices moved in opposite directions last week in Mato Grosso, according to data from the Mato Grosso Institute of Agricultural Economics (Imea). While oil was driven by demand for biofuels, meal declined due to higher supply and lower regional demand. In the international scenario, the price of soybean oil on the Chicago Mercantile Exchange (CME Group) advanced 1.56%, ending the week with an average of US$ 56.06 per pound. The increase reflects optimism about biofuel consumption in the United States. Meal also saw a slight appreciation in Chicago, rising 1.42% and closing at US$ 286.14 per ton, supported by the expectation of purchases by the Philippines, according to the USDA. In Mato Grosso, soybean oil followed the external movement and rose 1.75%, being traded at an average of R$ 6,142.27 per ton. The appreciation also reflects the increase in ...