The strike in Argentina, the world’s largest exporter of soybean meal and oil, has pushed importers to Brazil, the world’s second-largest producer of soybean oil. The dispute between local and international customers has raised both export premiums and domestic pricing. Brazil’s Supply Company predicts a decrease in Brazilian soybean output to 147.68 million tons in the 2023-24 crop. Cepea warns of probable harmful consequences from floods in Rio Grande do Sul.
Source: Canal Rural (*Translated by Ia Niani)
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