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Rain in Brazil puts pressure on soybean prices

08-02-2023 | |
Rain in Brazil puts pressure on soybean prices
Photo: Canva
The price index of the IGC, a measure of the price of soybeans in the world, fell slightly to 303 points on Monday, February 6 (year 2000 = index 100). Price fluctuations have not been as strong in recent weeks. Compared to a year ago, the price index is 3% lower. Harvest is delayed The harvest has started in Brazil, but it is delayed due to rainfall. This is currently supporting the soybean price, as Brazil is the largest producer and exporter of soybeans in the world. Analysts from the Bra


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Ploegmakers

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