Cofco leads wheat exports in Argentina; Cargill follows

07.02.2017

So far in the year, there were exports of 5.68 million metric tons of wheat in Argentina of a total exportable volume of 9.5 milion metric tons, according to official data first published by local media outlet Valor Soja. Chinese conglomerate Cofco, which recently purchased Nidera, has approximately 23 percent of the market with 1.31 million metric tons, followed by Cargill (16.6 percent), Bunge (10.6 percent), LDC Argentina (9.9 percent), Association of Argentinian Cooperatives (8 percent), Toepfer (4.9 percent), Glencore (4.6 percent), among others.

Reports also show that exporters have a surplus of purchased, which means that were not exported yet, of 1.02 million metric tons.


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