Argentina loses exports of soybean flour and oil, the joy for Brazil

Published 2022년 9월 7일

Tridge summary

The article highlights a decrease in shipments of soybean oil and flour due to lower availability of raw materials and reduced grinding levels, despite a increase in the volume and turnover of these by-products in the market. Foreign sales of soybean oil in July dropped by 40% compared to the previous month, and both flour and oil showed a year-on-year decline in sales. However, the higher values of these products in the international market prevented a decline in foreign exchange earnings. Brazil took advantage of this situation and increased its shipments of soybean by-products, leading to a significant growth in foreign exchange earnings.

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Original content

The agro-export complex registered a drop in shipments of soybean oil and flour, due to a lower availability of raw material and a setback in grinding levels. Given this scenario, shipments of these by-products from Brazil grew in volume and turnover. According to statistics from the export sector, foreign sales of soybean oil in July fell 40% compared to the previous month, going from 501,267 tons to 295,830 tons. LOOK: There is no lack of dollars: in August, there was again a record in the settlement of foreign exchange Extending the analysis to the first seven months of the year, both flour and oil showed a year-on-year decline in sales. In volume, operations fell by 16.8 and 3.7 million tons, respectively, with an industry that processed 23.5 million tons of soybeans in that period, 9.1% less, according to the Ministry of Agriculture. PRICE IMPACT "The validity of higher values in the international market for these products masked the impact of lower sales on foreign exchange ...

Source: ARInfocampo