Purchasing power among pig farmers for soybean meal down 38% in three months
Pig farmers’ purchasing power for soybean meal has been sliding relentlessly, according to the Centre for Advanced Studies in Applied Economics (CEPEA). The reason is the continuous appreciation of meal prices, caused by strong demand and reduced supply of soybeans for processing.
In nominal terms, prices are close to record levels for soybean meal, achieved in 2009. Not even the rising pig prices in part of this month have been able to stop the loss of purchasing power.