Another unpublished data left by the drought, Argentina, the second export market for Brazilian soybeans

Although it can be classified as something circumstantial, the graphic photo depicts a moment to highlight and keep in mind: this year Argentina became the second export market for Brazilian soybeans. The effects of the drought generated a decrease of almost 50% in the oilseed harvest, and to fulfill its contracts with the soybean oil and meal industry, our country purchased Brazilian soybeans in quantities never seen before. This did not prevent the fact that, for the first time in more than 20 years, “Argentina, in this campaign, is losing its position as the world's leading exporter of soy flour,” they added. This situation had already been warned for months by the Rosario Stock Exchange. All this occurs because soybean production was only 46% compared to the average of the five previous harvests, according to what was expressed by INTA Pergamino. “The Rosario Stock Exchange and the Buenos Aires Cereal Exchange estimated a harvest of 20 and 21 million tons, respectively. ...