Argentina consolidates its world leadership in soybean oil exports, marking historic figures

게시됨 2024년 12월 11일

Tridge 요약

Argentina's soybean oil sales have reached the second highest volume in history within the first 10 months of the year, driven by high international prices and increased demand. The country's leadership in soybean oil exports is strengthened by a decrease in exports from Brazil and India's dominance as a global buyer, alongside growing Chinese demand. Argentina's soybean oil is traded with a 14% premium above Chicago's reference prices, contributing to its competitiveness and upward price impact. In October, soybean oil exports reached record levels since 2006, with significant growth in November. Despite a future drop in prices, milling margins have improved due to a rise in oil prices, leading to an increase in the purchasing power of the oil industry.

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원본 콘텐츠

In the first 10 months of the year, sales of the by-product reached the second highest volume in history. Demand improves the purchasing power of the industry. As a result of a situation of rising international prices, Argentina consolidates its leadership in soybean oil exports. The FOB price of the derivative in upriver ports reached US$ 1,180 per ton in November; in December, it fell to US$ 1,164; in January, to US$ 1,148, and in February, to US$ 1,117. This spring in soybean oil prices is supported by the fall in exports from Brazil, the second world exporter far behind Argentina, and by the entry as an importer of soybeans from our country. India leads global purchases with a dominant share, but the strengthening of Chinese demand has been key to explaining the export jump. Meanwhile, the dynamics of the international market reflect that the FOB premiums for Argentine oil are traded 14% above the reference prices in Chicago, marking outstanding competitiveness for the sector. ...

출처: Defrentealcampo