The gross processing margin of soybean crushing industries in Mato Grosso fell 6.21% last week compared to the previous week, according to monitoring by the Mato Grosso Institute of Agricultural Economics (Imea). This movement was mainly driven by a 2.50% increase in soybean grain prices during the period, supported by lower sales of the oilseed amidst the off-season. In addition, the decline in soybean oil prices throughout the week also contributed to putting pressure on margins.
This text was translated by machine from Brazilian Portuguese.