Agrodólares: it is estimated that 80% of the soybeans produced in Argentina are exported

Published Dec 17, 2024

Tridge summary

Argentina is a leading exporter of soybeans, with 80% of its production being exported and the remaining 20% used domestically. The soybean complex, which includes grains, flour, oil, and biodiesel, is the country's primary export sector. For the 2023/24 campaign, Argentina's soybean production is projected to reach 57.2 million tons, with 9% being exported as unprocessed soybeans, 79% used for 'crush', and 12% used domestically. The main products of the 'crush' process are soy flour, pellets, and expellers, with 95% of the flour generated being exported. Argentina specializes in exporting by-products like flour, pellets, and soybean expellers, while Brazil and the United States focus on unprocessed bean exports. Argentine agro-industrial exports recovered in 2023 after a drought, with companies in the sector liquidating US$ 1,999 million in November, a 99% year-on-year increase.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Argentina exports 80% of its soybean production, standing out for adding value to the oilseed, a differential compared to other countries. Although the export profile is predominant, soybeans also play a key role in various industries in the domestic market. According to a report by the Rosario Stock Exchange (BCR), the soybean complex remains the country's main export sector, covering products such as grains, flour, oil and biodiesel. For the 2023/24 campaign, national soybean production is projected at 50 million tons, complemented by 7.2 million tons from temporary imports. Of this total, 9% is exported as unprocessed soybeans, 79% is destined for "crush" (industrial grinding process) and the remaining 12% is used in the domestic market for seeds, balanced feed and other uses. National soybean production is projected at 50 million tons. The main destination of soybeans in Argentina is “crush”, an industrial process that mainly produces soy flour, pellets and expellers, used as ...

Source: Agromeat