Soybean prices continue to fall, but derivatives rise in Brazil

Published 2023년 3월 13일

Tridge summary

Despite a drop in soybean prices, the prices of soybean bran and oil have increased in the domestic market, according to the Center for Advanced Studies in Applied Economics (Cepea – Esalq/USP). This increase is due to a lower supply in Argentina, the world's main supplier of soy derivatives, and anticipated higher demand for Brazilian derivatives. The USDA projects that Argentina's soybean production will reach 33 million tonnes for the 2022/23 crops, its lowest since 2008/09, due to high temperatures and water deficit.

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Original content

According to data released this Monday (03/13) by the Center for Advanced Studies in Applied Economics (Cepea – Esalq/USP), even with falling soybean prices, bran and soybean oil prices Soybeans rose again in the domestic market. According to Cepea researchers, the appreciation of derivatives is linked to lower supply in Argentina – the main global supplier of soy derivatives – and to expectations of greater demand, especially from abroad, for Brazilian derivatives. Soybean production in Argentina was projected this month ...

Source: Suinoculturaindustrial