High demand from the food industry boosts soybean oil prices

Cepea, April 3, 2024 – Soybean oil prices increased in the Brazilian market in late March, influenced by the higher demand, especially from the food industry. Players are trying to guarantee having the product for the mid-term, since there are expectations of an increase in the biodiesel production in Brazil. It is worth noting that the soybean oil is the major raw material to produce biodiesel in Brazil, accounting for roughly 70%

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3 Abr, 2024 - 14:40
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High demand from the food industry boosts soybean oil prices












Cepea, April 3, 2024 – Soybean oil prices increased in the Brazilian market in late March, influenced by the higher demand, especially from the food industry. Players are trying to guarantee having the product for the mid-term, since there are expectations of an increase in the biodiesel production in Brazil. It is worth noting that the soybean oil is the major raw material to produce biodiesel in Brazil, accounting for roughly 70%