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.
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 does Argentina import soybean oil?
Imports In 2022, Argentina imported $142M in Soybean Oil, becoming the 32nd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 117th most imported product in Argentina. Argentina imports Soybean Oil primarily from: Paraguay ($142M), Bolivia ($178k), South Korea ($32k), Netherlands ($27.8k), and Germany ($9.28k).
Does Argentina have a soy supply chain?
Yet, while Argentina’s position creates a challenge for tracing sources of soy across borders and within Argentina, systems are already in place that could bring more transparency to the soy supply chain. Between 2015 and 2019, Argentina exported over 200 million tonnes (Mtonnes) of soy, 67% of which was soy cake.
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:
Which country exports the most soybean oil?
Currently, Argentina is the leading Soybean oil exporting country with an export volume of about ~5.1 million metric tons. Argentina’s soybean production is forecast at 53.0 million tons, down 3.0 million from the revised 2018/19 forecast due to a lower trend yield and bad rainfall.