In Argentina, Reuters reported that exports of unprocessed soybeans from the 2024/25 harvest have surged to 8.81 million metric tons, a six-year record driven by strong Chinese demand, according to official data.
The report also noted that soaring exports of raw beans to China from Argentina have slowed supply to local processors.
Idle capacity at Argentina’s powerful crushing facilities, which process soybeans into meal and oil for export, rose to 31% in July and has “widened” since, according to the CIARA-CEC grain exporters and processors chamber.
“Frankly, as an oilseed industry, we are concerned. This means fewer Argentine jobs and lower export value,” said Gustavo Idigoras, president of CIARA-CEC. “This trade war has not brought benefits to Argentina; it has brought harm.”
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Category: Food & Agriculture
