Latam soybean oil prices skyrocket above historical $1,900/mt

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Soybean oil prices in South America surged to historical highs, above the $1,900/mt mark for the first time amid tight supply of edible oils, while market participants expect further increases. FOB prices in Argentina and Brazil have been on a rising trend since late February, when the Russia’s invasion of Ukraine disrupted the sunflower oil supplies from the Black Sea…