After biodiesel setback, Argentina regains access to China’s soybean oil market

25.08.2017

Argentina will be able to export again soybean oil to China. The decision was announced this Thursday (04.24) by state-run company Sinograin, which is major soybean oil buyer. Argentina used to export nearly US$ 1.4 billion of that product to China.

“One of the major goals of our government was to open up this market again, one of the top priorities of the Argentinian agenda,” declared Marisa Bircher, secretary of Agricultural Markets of Argentina`s Ministry of Agriculture.

The reason for the decision was not revealed.

This week, the United States considered that Argentina does dumping on biodiesel and canceled imports of the product.



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