Brazil will guarantee up to 50% of Argentina's soy imports after drought

By Nayara Figueiredo and Ana Mano SÃO PAULO (Reuters) - Brazil is expected to supply half of the soy that Argentina will even import to keep its industrial park operating, in the face of a historic drought that has devastated the 2022/23 crop in the country , which is usually the largest exporter of oil and oilseed meal, according to analysts interviewed by Reuters. Faced with an Argentine harvest estimated by the market at around 25 million tons, against 42 million last season, the neighboring country will be able to import up to 10 million tons of soy, or more than double the volume acquired in previous years, when origin was mainly Paraguay. With a record harvest, Brazil could increase shipments to Argentina by at least ten times, said the head of Latam Grains at hEDGEpoint Global Markets, Sol Arcidiacono, who operates in Rosario, the main Argentine production hub of bran and soybean oil. soy. She recalled that the annual average of soy shipments from Brazil to Argentina would ...