Argentina: a new round of production and export growth on soybean market

12.04.2017

Adapted from a presentation of Leandro Pierbattisti, Argentina’s Federation of Elevators, a speaker at the XIV International Conference “Black Sea Grain-2017”

The world’s soybean production in MY 2016/17 is estimated at 341 MMT. Argentina accounts for 16% of the total global soybean volume.

world soybean productionAt the same time, over 80% of Argentina’s soybean crop is utilized by domestic crushers, making the nation a key exporter of soybean products. So, the Argentine share in the 2016/17 global soybean meal export volume of 68 MMT is estimated at 47%. Also, the country will likely account for 48% of the world’s soybean oil exports of 11.7 MMT.

Soybean products will play an increasing role in Argentina’s exports, and their share will reach 55% by MY 2025/26.

Noteworthy is that the harvest rise by MY 2025/26 will be reached rather at the expense of higher yields than due to expanded plantings.

world soybean meal trade

Full version of the article is available to subscribers for weekly market report “Black Sea Vegoils +CIS” and “Online market review” by UkrAgroConsult.

 

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