The global map of Argentine soy flour is transforming

Soybean meal and flour maintain their role as Argentina's main export product and the highest volume globally. Historically, this commodity has represented on average over 13% of national exports in the last five years (2019-2024). The current market context presents a challenge for the currencies generated. The FOB values of soybean meal were at over 15-year lows during part of the 2024/25 campaign. This situation translates into a significant reduction: with average export prices almost 20% below the previous cycle, the values per ton are at nominal levels not seen since the 2007/08 campaign. This factor directly impacts the agro-industrial sector's ability to generate dollars. How is the trade matrix being reconfigured in the face of these challenges? The rise of Asia and de-Europeanization The most relevant change in the last two decades is the modification of historical destinations. At the beginning of the 2000s, Europe concentrated 54% of the exported soybean meal. However, ...