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  • Will Argentina lose its position in the world's largest exporter of soybeans?
  • As a result of the drought, Post estimates that Argentina will need to import a record 11 MMT of soybeans to achieve a crush of 29.5 MMT. This reduced crush would lead Argentina to export only 18.75 MMT of soybean meal, potentially losing its position as the world's largest exporter of soybean meal. Soybean oil exports are estimated at 3.65 MMT.
  • How much soybean production in Argentina in 2024/2025?
  • Post forecasts Argentina soybean production at 51 million metric tons (MMT) in marketing year (MY) 2024/2025 as production returns to assuming good weather in the year ahead and increased soy planting at the expense of wheat and corn, particularly in late or second crop soy.
  • Which country exports soybean oil in 2022?
  • Exports In 2022, Argentina exported $6.79B in Soybean Oil, making it the 1st largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 3rd most exported product in Argentina. The main destination of Soybean Oil exports from Argentina are: india ($3.1B), Bangladesh ($513M), Peru ($404M), Morocco ($260M), and Chile ($244M).
  • What would happen if Argentina ceased exporting soybean meal?
  • This reduced crush would lead Argentina to export only 18.75 MMT of soybean meal, potentially losing its position as the world's largest exporter of soybean meal. Soybean oil exports are estimated at 3.65 MMT. Sunflowerseed production is estimated unchanged at 4 MMT and peanut production is lowered to 970,000 MT due to the effects of drought.
  • Which countries export soybean oil from Argentina?
  • The main destination of Soybean Oil exports from Argentina are: india ($3.1B), Bangladesh ($513M), Peru ($404M), Morocco ($260M), and Chile ($244M). The fastest growing export markets for Soybean Oil of Argentina between 2021 and 2022 were Morocco ($183M), Dominican Republic ($176M), and Pakistan ($122M).
  • What are the forecasts for soy exports in 2024/25?
  • Crush and exports are also expected to recover to 40 MMT and 7.3 MMT respectively, both up from the previous year. Soymeal exports are forecast at 27 MMT in both MY2024/25 and MY2023/24 as Argentina retakes it’s place as the largest soymeal exporter in the world. Soy oil exports are forecast to grow as well to 5.3 MMT.