With the appreciation of the dollar, demand for the national product grows and soybean prices rise

The dollar continues to appreciate against the Real, and this scenario has been sustaining the rise in soybean prices on the domestic market, as it makes the Brazilian product cheaper for importers. In addition to firm demand, the low availability of oilseeds in domestic and international markets also influences price increases.

According to Cepea employees, some agents are betting on new valuations and, as a result, keep the product in stock, aiming for sale in the last quarter of the year.

On Friday, the 20th, the North American currency reached R$5,378, an increase of 2,57% compared to the previous Friday. For soybeans, between August 13th and 20th, the ESALQ/BM&FBovespa – Paranaguá Indicator rose 1,6%, reaching R$ 174,94/sc of 60 kg on Friday. The CEPEA/ESALQ – Paraná soybean indicator increased 1,4% in the same comparison, closing at R$ 172,24/sc of 60 kg.