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Domestic and foreign soy bean prices are at a high in early July.
According to researchers at Cepea, this surge can be put down to the increase in export tariffs (withholdings) in Argentina, given that this scenario tends to redirect part of the international demand to the United States and Brazil.
According to the Rosario Stock Exchange, on 27 June the Argentinian government carried out an official increase in rates, or “withholding taxes”, for some agricultural products, such as soy beans and their derivatives. The upshot is that since 1st July, a rate of 33% has been in effect for soy beans, compared to 26% since January, and of 31% for soy bran and soy bean oil, up on the 24.5% charged until 30 June.
On the domestic market, the fall of the dollar ended up limiting price increases – the devalued US currency tends to discourage national exports. In June, the dollar registered an average price of R$5.53, the lowest since June/24.
8 July 2025 /Cepea/ Brasil
https://www.cepea.org.br/
