In recent weeks, prices for soybean meal across Europe have sharply increased.

In recent weeks, prices for soybean meal across Europe have surged sharply, and traders attribute this rise to the introduction of a surcharge related to the EUDR and stronger futures on the CBOT. Broker data shows that offers in the Netherlands have increased from 303 euros per ton to 330-345 euros per ton on FOB Amsterdam/Rotterdam terms for November/December, which is 9-14% higher compared to the previous week. "In recent days, offer prices have risen sharply, which is currently holding back the market," said a seller from the Netherlands. "Due to ongoing trade negotiations between the US and China, the CBOT has strengthened significantly, leading to higher premiums." As a result, overall price indices have increased by approximately 15%, reports oilworld.ru citing S&P Global Platts. According to an Italian seller, soybean meal prices in Italy for November-December delivery have risen to 345 euros per ton from 315 euros per ton the previous week, reflecting a premium of about ...