Argentina increased soybean exports in August

Published 2021년 9월 24일

Tridge summary

Argentina's soybean exports have seen a significant increase, with analysts predicting a rise to 3.05 million tons from July to September, up from 1.85 million tons in the previous quarter and 2.2 million tons in the same period last year. August saw a notable increase in soybean shipments to 1.47 million tons compared to 0.99 million tons in August 2020. China was the primary recipient of almost all olive oil exports, with 1.26 million tons. August also witnessed a growth in Argentina's exports of soybean oil and meal, with India and the EU being the main importers of soybean oil and meal, respectively. Additionally, Argentina experienced a surge in sunflower oil and meal exports in August, particularly to India and the EU.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Soybean exports from Argentina in recent months have exceeded the expectations of Oil World experts and in the period from July to September, analysts predict an increase in oilseed shipments to 3.05 million tons against 1.85 million tons in the previous quarter and 2.2 million tons in the same period last of the year. In particular, the export of soybeans from Argentina in August increased to 1.47 million tons against 0.99 million tons in August 2020. At the same time, almost 90% of olive oil was shipped to China - 1.26 million tons, which is significantly higher than both in the previous month (575 thousand tons) and in the same period last year (895 thousand tons). As for the export of soybean processing product from Argentina, in August the country shipped 493 thousand tons of oil (+ 8% per month) and 2.67 million tons of meal (+ 1%). At the same time, the main volumes of soybean oil were exported to India - 240 thousand tons (+ 40% per month), and soybean meal to the EU - 888 ...

Source: Zol