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The rise in soybean prices: demand abroad is increasing, while supply is decreasing.
Oilseeds
Sunflower

The rise in soybean prices: demand abroad is increasing, while supply is decreasing.

In the domestic market, prices for soybeans are rising due to a decrease in supply and an increase in demand from exporters and producers. The export of oilseeds soybeans remains in demand as well, having increased by 79 thousand tons in the first 8 days of August.

13 August 2024 13 August 2024

In the domestic agricultural market, there is a gradual increase in prices for soybeans. This is explained not only by the seasonal reduction in the supply of raw materials, but also by an increase in demand from export companies and producers who process this product.

Meanwhile, there continues to be high demand for oilseed soybeans in the export market, both from old and new harvests.

In just 8 days of August, around 79 thousand tons of soybeans were exported, which is a significant increase compared to the previous month (66 thousand tons) and August of the previous year (14 thousand tons).

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