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The prices of soybean by-products showed opposite movements in the last week of 11/24.
The Mato Grosso Institute of Agricultural Economics (IMEA) reported that in Mato Grosso, the prices of soybean by-products showed opposite movements in the last week of 11/24. Thus, despite the drop in soybean oil prices on the Chicago stock exchange, in Mato Grosso with the expectation of an adjustment in the mandatory mixture in 2023, the domestic market showed an appreciation of 2.20% compared to the week of 11/18 and was quoted at R$ 6,962.50/t.
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However, on Friday (25/11), it was announced that for 2023 the mandatory mixture of biodiesel with diesel will remain at 10.00%, which could impact prices in the short term. As for soybean meal in the state, even with the appreciation on the Chicago stock exchange, the fall in the dollar and the logistical transport problems caused by the stoppages on the highways resulted in a drop of 1.98% in the bran in the weekly comparison and closed at an average of R$ 2,382 .33/t.
Source: Aline Merladete | agrolink
