Pressured by lower demand and lower premiums paid at port terminals, the price of soyabeans is low this month. This is what the indicators of the Center for Advanced Studies in Applied Economics (Cepea) point out. The reference based on the Port of Paranaguá (PR) has a devaluation of 2.51%. Last Friday, he closed at $ 80.70 a bag. In a slow-paced market, similar situation is verified in the indicator based on the average business in the State of Paraná. The devaluation is 2.98% in December until last Friday (12/14), when the quotation closed at R $ 75.52 the bag of 60 kilos. According to the researchers, sellers who still have soya to sell indicate preference for the domestic market. However, they have also met resistance from buyers, who say they expect the turnaround of the year for new acquisitions, when the entry of Brazil’s new crop should push prices higher. “The drop in export premiums and the low interest of international buyers have pushed domestic prices down. Sellers who have soya to market on the spot indicate preference to sell within Brazil. Domestic buyers, on the other hand, are supplied, “says Cepea, in a note released this week. Conab estimates that soya production in the 2018/2019 harvest is expected to reach 118.01 million and 120.06 million tons. At best, it would be a growth of 0.7% compared to the 2017/2018 season, estimated at 119.28 million tons. Source: Revista Globo Rural