News

The Argentine crush loses ground in Mercosur

Soybean
Argentina
Published Apr 6, 2023

Tridge summary

The industrial processing of soybeans in Argentina closed 2022 with a drop of 10%. Without considering the complex panorama that is expected for the bean in the imminent 2022/23 campaign, the crush data from last year deepen Argentina's downward trend in the Mercosur grind. In this sense, in 2022 the Argentine participation in the industrialization of the economic bloc was the second lowest since 1998.

Original content

The industrial processing of soybeans in Argentina closed 2022 with a drop of 10%. Without considering the complex outlook that is expected for the bean in the imminent 2022/23 campaign, the crush data from last year deepen Argentina's downward trend in the Mercosur grind. In this sense, in 2022 Argentina's participation in the industrialization of the economic bloc was the second lowest since 1998. This data is even more compelling considering that 25 years ago soybean processing in the expanded Mercosur was barely 41% of what it had been. is today. Although Bolivia and Paraguay have been showing a growing trend in the last decade in the industrialization of beans, it is in Brazil where we must explain the largest and most sustained growth in recent years. Furthermore, the decline in milling volumes leaves Argentina with a growing idle capacity. Being the country with the largest potential processing volume in Mercosur and one of the most important in the world, in 2022 the oil ...
Source: On24
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