Break in Argentine soy crop limits fall in prices in Brazil, says Cepea

게시됨 2023년 3월 31일

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The article highlights the impact of Argentina's delayed and reduced soybean harvest in the pricing of Brazilian soybeans. Despite Brazil's own record harvest, the anticipated increase in demand due to Argentina's inability to produce as expected could lead to a slowdown in the price drop in Brazil. The Buenos Aires Grain Exchange estimates Argentina's production at 25 million tons, which is 44.4% below the average of the last five harvests. This situation could result in Argentina importing more soybeans, potentially mainly from Brazil and the United States. However, the ESALQ/BM&FBovespa Indicator in Brazil fell by 0.7% from March 23 to 30, with a 5.9% drop compared to February and March averages.

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원본 콘텐츠

SAO PAULO (Reuters) - The break in the 2022/23 soybean crop in Argentina this week limited the decline in prices in Brazil, which had been pressured by the advance of a record Brazilian harvest, according to an assessment published this Friday by the Centro de Advanced Studies in Applied Economics (Cepea), from Esalq/USP. “While the Brazilian harvest continues at a good pace and is heading towards record production, in Argentina the beginning of the harvest has caused estimates to be readjusted downwards again. This context in Argentina ended up raising soy complex prices in the United States and limiting the downward movement in Brazil this week”, pointed out Cepea. According to the Buenos Aires Grain Exchange, soybean production in Argentina is estimated at 25 million tons, 44.4% below the average of the last five harvests. The harvest started in the regions of Junín, Baigorrita, Centro-East of Entre Ríos, in the south of Córdoba and La Carlota. “Thus, the need for Argentina ...

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