Paranaguá soybean indicator exceeds R$ 200/sc

O ESALQ/BM&FBovespa – Paranaguá (PR) soybean indicator surpassed R$ 200,00/60 kg bag for the first time in history on Thursday, 24th, but it retreated on Friday, 25th. Between February 18th and 25th, the Indicator rose 1,41%, at R$198,67/60 kg bag on Friday.

With heated internal and external demands, the dispute between domestic and international competition remains fierce. This scenario, added to expectations of a drop in harvest in South America drove export premiums and domestic prices to record levels, in nominal terms.

At the international context, prices rose, influenced by the war between Russia and Ukraine, which harms exports from the Black Sea region. The Russia It is the second largest oil exporter, a scenario that has increased the value of this commodity in the United States, resulting in an increase in the future price of soybean oil – This context tends to encourage the mixing of biodiesel with diesel oil, and the Soybean oil is the main raw material for biodiesel production.