Brazil: Greater demand increases soybean prices

Published 2023년 10월 23일

Tridge summary

Soybean prices increased domestically due to higher external and domestic demands, particularly from Brazilian crushing industries. The rise in prices is also attributed to climate irregularities, such as excess humidity in some areas and high temperatures with low rainfall in others, which affect soybean farmers in different regions of the country.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Soybean prices rose on the domestic market last week. According to Cepea researchers, the appreciation is due to greater external and domestic demands – Brazilian crushing industries are paying attention to the increase in demand for soybean meal. Furthermore, Cepea researchers indicate that the rise in oilseed prices is also linked to climate irregularities. Soybean farmers in the South and Southeast indicate excess humidity in some ...

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