Argentina no longer holds the title of the main global exporter of soybean meal

Soybean Meal

Published Oct 11, 2023

Tridge summary

Argentina is experiencing a change in its position in the global market for soybean meal due to a recent drought affecting production. Argentina has historically been a leader in soybean and sunflower flour production, but its participation in global production has decreased, causing it to lose its position as the main exporter of soybean meal to Brazil. However, sunflower flour production in Argentina has increased due to factors such as the war between Russia and Ukraine, contributing to its position as the third-largest exporter of sunflower meal worldwide.

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Original content

After maintaining the title of the world's leading soybean meal exporter for 25 years, Argentina is facing a change in its position in the global market. The cause of this transformation lies in the recent drought that affected soybean meal production in the country, while sunflower meal production is experiencing constant growth. Argentina has historically been a leader in the production and export of soybean and sunflower flour, thanks to its outstanding oilseed milling agroindustrial complex in the Greater Rosario region. Soybean meal is widely used in the manufacture of balanced animal feed and protein concentrates, while sunflower meal is used in the production of meat and milk. In the case of soybean meal, Argentina has occupied fourth place in global production, behind China, the United States and Brazil. However, its participation in world production has decreased over time, going from 17% in the 2010/11 campaign to 10% in the current campaign, due in part to the drought ...

Source: Chacra Magazine