Argentina had to import almost 1 billion dollars in soybeans

During the first half of 2024, soybean imports for the industry amounted to 2.2 million tons, for a CIF cost (actual value of the goods during customs clearance) of $980 million. Paraguay, responsible for 95%, as explained by the Rosario Stock Exchange. The BCR highlights that this volume represents 20% of the total grinding, the highest in history at this time of the year, except for the previous cycle. An event that is explained by the drought of the previous campaign, which suffered a 50% reduction in production. However, between April and June, 13.2 million tons of beans, flour and soybean oil were shipped, the largest exported volume since 2020. For Dante Romano, professor and researcher at the Agribusiness and Food Center of the Austral University, the increase in imports is not due to lower sales by local producers, but rather to greater demand for milling. However, the corn market has also shown notable dynamics. Although international prices are at levels similar to those ...