Argentina will export 80% of the soybeans produced in the 2023/2024 campaign

Published 2024년 12월 18일

Tridge summary

The Rosario Stock Exchange (BCR) has forecasted an 80% correlation between Argentina's soybean production and exports for the 2023/24 campaign. The production is estimated at 50 Mt, with 9% expected to be exported as soybeans and the rest used for crush and other domestic uses. The crush process primarily produces soybean flour, pellet, or expeller, with 95% of the flour being exported and the rest used for animal consumption. The total oil produced is divided into 70% for export, 17% for biodiesel production, and the rest for domestic consumption.

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Original content

For the 2023/24 campaign, an 80% relationship is projected between soybean production and exports of the complex, whether as grain, flour, oil or biodiesel, indicated the Rosario Stock Exchange (BCR). The soybean complex not only supplies external demand, but also supports key industries in the domestic market, such as crush and biodiesel production. For the 2023/24 campaign, soybean production in Argentina is estimated at 50 Mt, to which another 7.2 Mt of temporary imports are added. 9% is destined directly for exports as soybeans, while 79% is used for crush and the remaining 12% corresponds to the internal consumption of seeds, feed and other uses, indicates the report of the Rosario entity. Regarding crush, which represents the main use of soybeans, mainly soybean flour/pellet/expeller is produced, followed by oil and a smaller proportion ...

Source: Chacra Magazine