Argentina set a record for soybean processing in September
In September this year, soybean processing in Argentina reached a record 4.1 million tons, which is 116% higher than in September 2023, according to data from the country’s Ministry of Agriculture, Livestock and Fisheries. This result was above the forecasts of market experts,.
According to information previously published by the Rosario Grain Exchange, soybean processing is expected to increase by 44% in 2024.
Last year, Argentine processors faced the need to reduce production due to the severe damage caused by a long drought to the soybean crop.
However, the drop in soybean oil production could have been much larger if processors had not decided to increase soybean imports from neighboring countries. Argentina imported over 10 million tons of soybeans in 2023, compared to only 3.3 million tons in 2022.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Corn prices in Ukraine could fall by $50–70 per ton due to port blockade
China’s soybean meal prices rise more than 6% in July
Soybean prices in Ukraine fall following rapeseed and sunseed prices
Iran to boost flour exports to Iraq through purchases of Russian and Kazakh wheat
South Korea expands mandatory GM labelling to edible oils and fats
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon