Soybean crushing in Argentina continues the downward trend and US$ 1,300 million are lost
Soybean
Argentina
Published Oct 6, 2022
Tridge summary
Between January and August, the industry processed 2.28 million tons less in relation to the same period last year. It remains to be seen whether September sales allow this trend to be reversed.
Original content
Soybean crushing continues without picking up and in the first eight months of the year, it accumulated 26.8 million tons, according to data from grain exporters. In the interannual comparison, the industry processed 2.28 million tons less of beans. This scenario represents, according to estimates by the Chamber of the Oil Industry and the Cereal Exporters Center (CIARA-CEC), a loss of US$ 1,300 million in foreign currency and the equivalent in pesos of US$ 415 million in rights. from exportation. LOOK: September tax collection marked a milestone for the soybean dollar: it rose 117% The hope for the industrialists is that in these calculations the soybean sold as of September has not yet been counted, within the framework of the official measures to promote the liquidation of foreign exchange. THE SOYBEAN MILLING, WITH NUMBERS IN RED At the moment, the Rosarino crushing pole continues with negative numbers, because its capacity to use soybean crushing went from 59% to 56%. In this ...
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