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Indexes set nominal records in the Brazilian market in April

Cepea, May 3, 2021 – Although the harvesting is ending in Brazil, soybean prices were at record levels (in nominal terms) in the domestic market in April – however, when prices are deflated, the current level is the highest since January/21. The boost came from both firm demand and international valuations, which were linked to the low surplus from the 2020/21 crop in the United States. Unfavorable weather during the sowing of the 2021/22 crop in the USA also helped to push up soybean prices
Fonte: CEPEA



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