Soybean exports from Argentina in recent months have exceeded the expectations of Oil World experts and in the period from July to September, analysts predict an increase in oilseed shipments to 3.05 million tons against 1.85 million tons in the previous quarter and 2.2 million tons in the same period last of the year. In particular, the export of soybeans from Argentina in August increased to 1.47 million tons against 0.99 million tons in August 2020.
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At the same time, almost 90% of olive oil was shipped to China - 1.26 million tons, which is significantly higher than both in the previous month (575 thousand tons) and in the same period last year (895 thousand tons). As for the export of soybean processing product from Argentina, in August the country shipped 493 thousand tons of oil (+ 8% per month) and 2.67 million tons of meal (+ 1%). At the same time, the main volumes of soybean oil were exported to India - 240 thousand tons (+ 40% per month), and soybean meal to the EU - 888 thousand tons (-4%), Vietnam - 318 thousand tons (+ 26% ) and Indonesia - 218 thousand tons. In addition, Argentina increased its exports of sunflower oil and meal in August. In particular, shipments of sunflower oil increased to 128 thousand tons, against 122 thousand tons in July and 55 thousand tons in August 2020, of which 43 thousand tons ...
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