According to Ita BBA, soybean exports hit a record high of 5.2 million tons in November, a 106% rise over the same month the previous year. However, due to an increase in domestic consumption in the biodiesel industry, soybean oil exports fell 38%, reaching 126 thousand tons. Soybean meal, on the other hand, witnessed a 24% rise in exports compared to November of the previous year. Regarding prices, there was a reduction of 29% for soybean oil, 14% for grains, and 7% for soybean meal compared to the November 2022 averages.
Source: Agrolink (*Translated by Ia Niani)