Argentina once again led the export of soybean by-products

Published 2024년 12월 17일

Tridge summary

Argentina's soybean complex is the country's primary export engine, with 80% of soybeans produced being sold abroad. This sets Argentina apart from competitors like Brazil and the US, which focus on unprocessed bean exports. For the 2023/24 campaign, Argentina is projected to produce 50 million tons of soybeans, with 79% of that being processed for added value. Flour and oil are the main by-products, with 95% and 70% respectively being exported. This strategy of adding value to soybeans has led to a record performance in soybean oil exports, reinforcing Argentina's role as a generator of foreign currency.

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Original content

(NAP) The Argentine soybean complex reaffirms its leadership as the country's main export engine. According to a report from the Rosario Stock Exchange, 80% of the soybeans produced are sold abroad, standing out for the added value of their by-products. This differential approach positions Argentina against competitors such as Brazil and the United States, which prioritize the export of unprocessed beans. For the 2023/24 campaign, a production of 50 million tons of soybeans is projected, complemented by 7.2 million tons of temporary imports. Of the total produced, 79% is destined for "crush", an industrial process that allows obtaining flour, oil and biodiesel, key products for the trade balance. Of the 30.48 million tons of flour generated, 95% is exported, while the domestic market barely absorbs 5% for animal feed. As for oil, 70% is sold to international markets, 17% is used for biodiesel and the rest is consumed in the country. This upturn not only highlights its industrial ...

Source: Noticias Agropecurias