Argentina in January reduced the processing of soybeans

Published 2022년 2월 24일

Tridge summary

In January, Argentina experienced a decrease in soybean processing volumes to 2.51 million tons, a drop from both the previous month and the same period last year, primarily due to a reduced supply of soybeans from Paraguay and a lower domestic oilseed supply. This decline resulted in a decrease in soybean oil stocks to 205 thousand tons, down from 245 thousand tons the previous month and 319 thousand tons a year earlier. Conversely, soybean meal stocks increased to 919 thousand tons, driven by a decrease in exports. Sunflower seed processing volumes also increased to 162 thousand tons, and while sunflower oil stocks decreased to 54 thousand tons, sunflower meal stocks increased to 55 thousand tons.

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

Original content

According to Oil World experts (Germany), soybean processing volumes in Argentina in January of this year decreased to 2.51 million tons compared to 2.95 million tons in the previous month, which is also inferior to the figure in the same period last year (3.22 million tons). The decline in oilseed processing in Argentina, according to analysts, was partly due to a reduction in the supply of soybeans from Paraguay, as well as a lower supply of domestic oilseeds. Due to the reduction in soybean processing, stocks of soybean oil in Argentina decreased to 205 thousand tons in January compared to 245 thousand tons in the previous month and 319 thousand tons a year earlier. At the same time, stocks of soybean meal increased to 919 thousand tons against 724 thousand tons in the previous month, which is also higher than in the same period last year (612 thousand tons) and is due to a decrease in exports of the product from the country in January to 1, 4 million tons against 2.55 million ...

Source: Oilworld