Cepea, July 1st, 2025 – After moving down for almost two months, soybean oil quotations rose in late June in the domestic market, due to expectations of higher demand for biodiesel. This scenario, which tends to boost soy processing activities, helped to sustain quotations of soybeans. Soybean meal values, on the other hand, continue to move down, since the increase of crushing activities to meet the demand for soy oil may boost the supply of soy meal.
The National Energy Policy Council (CNPE) is likely to increase the mandatory mix of biodiesel to diesel from the current B14 (14%) to B15 (15%) between August this year and February/26. From March/26 on, it can change to B16 (16%).
The Brazilian value of soy oil increased 1.7% between May 30 and June 30, at BRL 6.341.85 per ton (in São Paulo city with 12% ICMS) on June 30.
Soybean meal quotations, in turn, continue dropping. Consumers are supplied for the mid-term and optimistic about the supply in this crop. Moreover, the supply is high in Argentina, the most important global exporter of soy byproducts. On the average of the regions surveyed by Cepea, soybean meal prices dropped 4.3% in June.
SOYBEAN – Prices are firm in the domestic market because of the possible higher demand for crushing activities. However, liquidity is low because of the lower demand from abroad.
The CEPEA/ESALQ Index (Paranaguá) rose 0.36% from May 30 to June 30, closing at BRL 135.04 per 60-kg bag on June 30. The CEPEA/ESALQ Index (Paraná) moved up 0.3% in the same comparison, to close at BRL 129.15 per 60-kg bag.
(Cepea-Brazil)
Centro de Estudos Avançados em Economia Aplicada – CEPEA-Esalq/USP
