Argentina: The exported volume of the soybean complex in May was the highest since 2020

Published 2024년 6월 18일

Tridge summary

In May, Argentina exported over 5 million tons of soybeans and derivatives, the highest volume since 2020 and a 60% increase from the previous year, according to the Rosario Stock Exchange (BCR). The exports included over 3 million tons of soybean meal to Turkey and Southeast Asia, 543,000 tons of soybean oil to India, and 1.4 million tons of soybeans to China. An additional 2.8 million tons are expected to be shipped in the second half of June, potentially bringing the month's total to 4.6 million tons, well above the ten-year average.

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Original content

According to a report from the Rosario Stock Exchange (BCR), Argentina exported more than 5 million tons of soybeans and derivatives during May, the highest volume since 2020 and 60% more than the same month last year. According to the entity, May is the month in which, seasonally, the greatest tonnage is exported from the soybean complex, and during this year more than 5.1 Mt were sent abroad, above the average of the last ten years for the month. the highest volume since 2020 and 60% more than last year. Of the total tons shipped in May, just over 3Mt correspond to soybean meal, mainly destined for Turkey and Southeast Asia, while 543,000 tons of soybean oil were exported to India. Finally, the report explains that 1.4Mt of soybeans were shipped to China. The entity indicated that for the second half of June, ships should be loaded with 2.8 Mt ...

Source: Chacra Magazine