Possible lower external demand for soy worries agents

External demand for national soybeans may decrease, because China may return to importing products from the USA

10.12.2018 | 21:59 (UTC -3)
Sepea

With the trade truce between the United States and China, external demand for the national product may decrease, because the Asian country may return to importing greater volumes from the USA. According to Cepea researchers, this possibility of a sharper reduction in foreign soybean sales worries Brazilian producers, who are about to harvest a massive harvest. Domestic buyers have held back on purchasing new lots, waiting for lower prices in the first quarter of next year. As a result, the ESALQ/BM & FBovespa Indicator for Paranaguá (PR) soybeans recorded a drop of 0,82% between November 30 and December 7, reaching R$82,10/60 kg bag this Friday. In the same comparison, the CEPEA/ESALQ Paraná Indicator fell 1,68%, to R$ 76,53/sc of 60 kg.

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