Argentina's Export Sales After Reduction in Export Duties

07-Feb-2025 09:10 AM

Argentina's Export Sales After Reduction in Export Duties
★ From January 23 to February 6, 2025, Argentina exported 221,000 tons of barley, 328,000 tons of wheat, 836,000 tons of maize, 182,000 tons of soymeal, and 341,000 tons of soybean oil.
★ Over the last three days, average sales were recorded at 132,000 tons.
★ To produce 182,000 tons of soybean oil, 980,000 tons of soybeans were crushed.
★ From January 23 to February 6, Argentina’s revenue from exports increased by $612 million.
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Brazil's Soybean Production Impact
★ Soybean production in Brazil is now expected to be affected, with only 10% of the harvest completed so far, compared to 17% during the same period last year.
★ In the early stages, several regions received less rainfall, and many agencies may lower their soybean production estimates for Brazil.