Estimates of soy oil and soy flour trade for South America

Argentina will supply the market with around 47.6% of the world's volume of vegetable oil from soy. On the other hand, the second largest supplier is Brazil, which will supply around 13.7% of the volumes traded with 1.7 Mt. The situation of the processing industry in Paraguay remains a high degree of uncertainty regarding its capacity to supply raw materials, as there are harvest estimates between 2.97 Mt and 4.05 Mt. This scenario could greatly complicate the Paraguayan industry. In 2021, 2.8 Mt of soybeans were processed, which is a low record since the average of the last 3 campaigns was 3.45 Mt. At the same time, this country is key to supplying soy to the Argentine crushing industry, complementing the local production of the grain. Therefore, the cut in the neighboring country's exportable balance will have a direct impact on Argentina's production capacity for oil and soy flour. It should be noted that the international vegetable oil market is currently in a situation that ...