Argentine soybean crush in the first two months of the 22/23 season is the lowest in 15 years
The crushing of Argentine soybeans in the first two months of the 2022/23 crop was the lowest in 15 years, with 6.37 mln tons, despite the third edition of the differentiated exchange rate for soybean producers, according to the Rosario Stock Exchange (BCR).
In the 2007/08 season, soybean crushing reached 6.10 mln tons due to concerns with the Resolution 125 of Cristina Kirchner’s administration, which changed the sale process of the oilseed.
From the third edition of the soybean dollar, which culminated in the collection of USD 5.086 bln, doubts arise about the measures that both the Argentine government and the industry will take to obtain the necessary grain to meet their minimum needs.
In this sense, the volume of temporary imports broke the record of 2.616 mln tons, double the previous maximum in the 2020/21 season.
Read also
Palm oil prices are expected to continue rising after a short-term correction
Georgia reduced wheat imports in April
Brazilian soyabean oil exports jump 47% amid record crop and weak domestic demand
Zimbabwe plans new grain import levies to strengthen food security
Global vegetable oil production to hit record high again – USDA
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon