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Brazilian Soybean Price Approaches the Highest Record

Pubtime:2020-10-12Author:Source: Hits:


As reported by Successful Farming on Sept. 25, large amount of export has caused sharp declination of domestic soybean inventory in Brazil according to the data released by Cepea of USP (University of Sao Paulo). The short supply is driving price growth. The soybean price in this week reached the high record of BRL150.86 (equaling to USD27.13)/bag (60kg), approaching to the highest record of BRL153.40/bag (60kg); on Sept.25, the price fell to BRL146.63/bag (60kg)