Soybean meal: China delays but India is approaching Argentina

Published 2021년 8월 24일

Tridge summary

Argentina is in advanced talks with India to open the market for soybean flour exports, a major commodity for the country. The negotiations are ongoing as the Indian Ambassador is visiting an Argentine soybean flour and oil factory. The move is aimed at addressing high production costs in the Indian poultry industry and inflation, with Argentine soybean meal being a cost-effective solution. Argentina is also in discussions with China to export soybean meal, but the process is being delayed by the pandemic. So far, only four of the eight plants producing soy flour in Argentina have been enabled for export to China.

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Original content

The president of the Chamber of the Oil Industry of the Argentine Republic and of the Cereal Export Center (CIARA-CEC), Gustavo Idígoras, exclusively confirmed to Infocampo that Argentina is negotiating with India to open the market for exports of flour from soybeans, which would represent placing one of the main commodities of our country in one of the largest markets in the world. "Negotiations are well advanced and at this very moment the Ambassador of the Republic of India, Dinesh Bhatia, is getting in a car to go tour an Argentine soybean flour and oil factory and understand what this flour means", Gustavo explained in the framework of a special press conference that held a post-dissertation of the event "IDEA Agroindustria Experience 2021". And he continued: "The Indian poultry industry is having very high production costs and is impacting inflation in India by not getting balanced feed for chickens, when Argentine soybean meal is the best quality, price and highly ...

Source: ARInfocampo