Argentina already sold over 3 MMT of the new crop soybeans

22.09.2017

The sales of the 2017/2018 crop in Argentina are strong. According to Buenos Aires brokerage Zeni, there a growth of 62.2% on sales compared to the same period of last year. The volume of forward sales already reached three million metric tons.

The reason behind the increase is that soybean will have a decrease of export tax by 0.5 percentage points per month in 2018, starting in January.


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