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Significant increase in global demand soya oil Took the prices of derivatives to record levels in Brazil and the United States.
According to researchers from SepiaThe reduction in sunflower oil exports from Ukraine (due to the conflict with Russia) and the shortage of palm oil in Indonesia have fueled global demand for soybean oil.
In addition, the value of the oil increases the interest in biodiesel, which contains soybean oil as the main ingredient.
On the supply side, there is uncertainty about the availability of offspring in Argentina (the major global exporter of soy derivatives) as grain harvests are low this season.
As a result, importers diverted purchases to Brazil and the United States.
At Chicago Stock ExchangeThe first contract for oil was US $ 0.7954 / lp (US $ 1,753.54 / tonne) on Wednesday, the highest value in history.
Soybean oil premiums are also high in Brazil, supporting domestic prices.
In Sao Paulo, the derivative (with 12% ICMS) rose 5.1% from February 24 to March 3, reaching a high of R $ 9,124.17 / tonne on Thursday, July 3 – the highest value of the Cepea series since July / 98. .
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