Tridge summary
In the first quarter of 2021, Argentina saw a significant increase in its agricultural exports, reaching a record value of 5,025 million dollars, despite exporting a lower volume than in 2016. This increase is primarily due to a rise in the global market price of soybeans and derivatives, including soybean meal and biodiesel, which nearly doubled and increased by 134% and 57% respectively compared to the first quarter of the previous year. Although soybean exports saw a 24% decrease in turnover, the price hike and resolution of union conflicts at the ports contributed to the overall growth. However, corn and wheat exports experienced a decline, with wheat exports falling by 28% in value and 36% in volume. The report also highlighted a troubling trend in food price inflation in Argentina, with prices rising by 335.2% between 2017 and 2021, exceeding the overall inflation rate, and certain food groups experiencing significantly higher increases.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Argentine exports of soybeans and derivatives reached a record value of 5,025 million dollars in the first quarter of the year, according to data released by the Rosario Stock Exchange. This historical figure was due to the rise in the price of these products on the world market, since the quantities exported were below the record reached in 2016. The volume of soybeans and derivatives exported by Argentina in the first three months of the year was 9.06 million tons (compared to the maximum of 9.44 million in the first quarter of 2016). Data from the Rosario Stock Exchange show that the value of soybean meal and pellet exports practically doubled compared to the first quarter of 2020; in the case of oil, the increase was 134% and in that of biodiesel, 57%. On the contrary, the turnover for the foreign sales of soybeans fell 24% compared to the same period last year, although the Stock Exchange emphasizes that these shipments have a lower relative weight in the total exports of the ...
Source: Agropopular
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