Are Argentina’s giant soybean processing plants running out of soybeans?
BUENOS AIRES, Oct 5 (Reuters) – Argentina’s giant soybean processing plants are running out of soybeans after a historic drought cut the crop in half, the head of the country’s grains export chamber told Reuters, and this will leave well over two-thirds of factory capacity idle.
Does Argentina export soybeans?
Argentina also exports soy as raw beans to China (4.7 Mtonnes exported in 2021) and oil to India (4.2 Mtonnes in 2021). Following the lifting of the Registro de Operadores de Soja Autorizados in 2016, soybean imports into Argentina increased 440% from 0.9 Mtonnes in 2016 to 4.9 Mtonnes in 2021.
What kind of oil does Argentina produce?
Argentina is a major producer of Groundnut, Sunflower and Soybean oil. According to OECD Argentina is the third largest exporter reaching about 7.9% of the world vegetable oil exports in 2027. The edible oil market in Argentina is largely dominated by:
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.
Where do soybeans come from in Argentina?
In Argentina, soybeans are typically exported from the Province of Buenos Aires through Necochea (Quequén), Bahia Blanca and upstream of Buenos Aires. Crushed products are exported from ports in and around Rosario (Santa Fe Province) where traders have their own terminals to store, crush and export soy products.
Why is Argentina running out of soybeans?
Our Standards: The Thomson Reuters Trust Principles. Argentina’s giant soybean processing plants are running out of soybeans after a historic drought cut the crop in half, the head of the country’s grains export chamber told Reuters, and this will leave well over two-thirds of factory capacity idle.