Argentina reduced soybean oil shipments in November, while year-over-year exports increased.

November 2024). In the first 11 months of this year, Argentina exported 6.48 million tons of soybean oil, down from 6.33 million tons in January-November 2024. Further shipments of Argentine soybean oil are expected to remain below last year’s levels due to a likely significant reduction in soybean processing. Argentina’s soybean stocks at the beginning of December were below last year’s level, at 4.5 million tons. Earlier, it was announced that Argentina had once again reduced export duties on the entire soybean industry. Specifically, soybean duties were reduced by more than tenfold, from 265% to 24%, and soybean products were reduced from 24.5% to 22.5%. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It is a ...