Argentina ramps up soybean imports from Paraguay and Brazil
11.06.2023 15:55 "Agro Perspectiva" (Kyiv) —
Due to the severe drought in Argentina, soybean production is down an addition 2.0 million tons this month to 25.0 million, the lowest level in over 2 decades. While production is forecast down 43 percent from 2021/22, crush is only projected to be down 23 percent, mainly due to strong demand from Argentine crushers. Monthly crush has been slower than past years, but crushers have been able to procure soybeans due to «soy dollar» exchange rate policies that incentivized farmer selling earlier in the year and strong imports of soybeans over the past few months. Through the first 4 months of 2023, Argentina has imported 3.0 million tons from neighboring countries, predominantly Paraguay and Brazil, elevating forecast October-September imports to a record 8.7 million. Fortunately for Argentine crushers, there are ample exportable supplies in neighboring countries. Typically, Paraguay is the largest supplier of soybeans to Argentina and has already shipped a record 2.6 million tons between January-April 2023. Paraguay exportable supplies are up this year due to a more than doubled crop from last year’s drought, reduced exports to Russia since the start of the war in Ukraine, and reduced import demand from Brazil. Likewise, calendar year exports from Brazil through May are at an all-time high due to record production. In addition to Paraguay and Brazil, Argentina is also importing soybeans at a record pace from Bolivia, who has not traditionally been a significant exporter of soybeans. Growing production and Argentine demand have boosted 2023 exports through April 2023 above 130,000 tons. Uruguay is traditionally a minor soybean supplier to Argentine crushers but will have limited exportable supplies this year as production has also been decimated by drought. While it is highly atypical, the United States shipped 2.0 million tons to Argentina in 2018/19 during a previous drought, however, record supplies in Brazil reduce the likelihood that Argentina will need to source soybeans outside of South America to satisfy crush demand. AGRO PERSPECTIVA offers Agro + «Ukrainian Grain & Oilseed Market» weekly analytical bulletin. Concerning subscription please contact: client@agroperspectiva.com or +380675964652 (WhatsApp, Viber, Telegram).
26.07.2024 |
|
 |
|
|
 |
09:28 |
Ongoing Economic Crisis in Argentina Impacts Dairy |
15.07.2024 |
|
|
|
|
|
10:28 |
Decline of China Pork Imports Continues in 2024 |
|
08:20 |
Lower Prices Propel Mexico 2023/24 Soybean Meal Imports |
13.07.2024 |
|
|
|
|
|
10:15 |
China Imports of Major Feed Grains at Record for Oct-May period |
12.07.2024 |
|
|
|
|
|
01:08 |
Climate risks projected to affect fish biomass around the world's ocean, FAO report says |
06.07.2024 |
|
|
|
|
|
10:15 |
Global cereal production 2024 forecast scaled up and now set to exceed the 2023 level |
|
10:01 |
FAO Food Price Index stable in June |
03.07.2024 |
|
|
|
|
|
12:31 |
World pear production for MY 2023/24 is projected up more than 275,000 tons to 25.2 million |
|
12:23 |
U.S. wheat exports are forecast to rebound by more than a million tons in the 2024/25 marketing year |
01.07.2024 |
|
|
|
|
|
08:58 |
World apple production for MY 2023/24 is forecast to rise more than 700,000 tons to 83.7 million |
|
08:39 |
World coffee production for 2024/25 is forecast to rebound 7.1 million bags |
25.06.2024 |
|
|
|
|
|
17:57 |
Central, Eastern and South-Eastern European banks report strengthening loan demand and improving profitability |
|
17:05 |
Global Environment Facility approves $70 million to support FAO projects in 28 countries |
24.06.2024 |
|
|
|
|
|
04:15 |
Emergency brake triggered for oat imports from Ukraine |
23.06.2024 |
|
|
|
|
|
09:00 |
Colombia Production: Two Periods of Sharp Decline |
19.06.2024 |
|
|
|
|
|
15:35 |
World pear production for MY 2023/24 is projected up more than 275,000 tons to 25.2 million |
|
10:35 |
India Apple Imports Forecast at a Record High |
12.06.2024 |
|
|
|
|
|
09:21 |
FAO Food Price Index slightly up in May: higher cereal and dairy prices offset easing sugar and vegetable oil quotations |
03.06.2024 |
|
|
|
|
|
14:04 |
Commission clarifies support for farmers in case of exceptional weather events |
|
13:33 |
Digitalization: it is time to bridge the gap between urban and rural areas |
22.05.2024 |
|
|
|
|
|
18:25 |
Two years of Solidarity Lanes have brought the EU, Ukraine and Moldova closer together |
21.05.2024 |
|
|
|
|
|
08:10 |
Seven additional private sector leaders announce support for Antimicrobial Use Stewardship Principles in poultry, now includes over 40% of global poultry meat production |
13.05.2024 |
|
|
|
|
|
23:32 |
EU extends trade support to Ukraine for one more year |
|
04:36 |
European Union corn is forecast at 18.0 million tons |
11.05.2024 |
|
|
|
|
|
18:55 |
2024/25 Grain Consumption Expands while Trade Moderates |
|
18:47 |
Oilseeds Stocks Forecast to Reach Record Highs in 2024/25 |
06.05.2024 |
|
|
|
|
|
09:17 |
The International Year of the Woman Farmer in 2026 Approved by the UN General Assembly, it will increase awareness of the crucial role women farmers play in agrifood systems |
04.05.2024 |
|
|
|
|
|
08:10 |
2024 wheat forecast trimmed |
03.05.2024 |
|
|
|
|
|
21:25 |
Rising international quotations for meat, cereals and vegetable oils offset drops for dairy and sugar |
|
07:10 |
El Niño and La Niña: four crucial steps to build climate resilience |
01.05.2024 |
|
|
|
|
|
08:25 |
Acute hunger remains persistently high in 59 countries with 1 in 5 people assessed in need of critical urgent action |
29.04.2024 |
|
|
|
|
|
10:43 |
New CEO at BASF: Martin Brudermüller hands over to Markus Kamieth |
25.04.2024 |
|
|
|
|
|
09:45 |
Parliament approves a revision of the EU’s common agricultural policy |
23.04.2024 |
|
|
|
|
|
16:23 |
MEPs approve trade support measures for Ukraine with protection for EU farmers |
17.04.2024 |
|
|
|
|
|
18:08 |
Ministry of Agrarian Policy and Food predicts this year’s harvest of grains and oilseeds at about 74 million tonnes |
16.04.2024 |
|
|
|
|
|
12:12 |
West Africa Cocoa Shortage Pushes Up Prices |
11.04.2024 |
|
|
|
|
|
23:48 |
U.S. Soybean Meal Exports Forecast at Consecutive Records in 2022/23 and 2023/24 |
|
23:10 |
EU Wheat Exports Challenged by Russia’s Growing Dominance |
|
11:30 |
Country of origin of honey must be clearly visible on the label. EU honey traceability system to be developed |
10.04.2024 |
|
|
|
|
|
15:59 |
Commission starts setting up the Agriculture and Food Chain Observatory |
|
15:33 |
Commission approves ˆ2.2 billion German State aid scheme to support the decarbonisation of industrial processes to foster the transition to a net-zero economy |
|
13:17 |
Donau Soja urges EU for clarity on EUDR implementation |
09.04.2024 |
|
|
|
|
|
10:44 |
Ukraine remained the third source of EU imports in 2023, with a value of EUR 11.8 billion |
06.04.2024 |
|
|
|
|
|
10:04 |
World cereal output seen up in 2023/24 |
|
09:55 |
FAO Food Price Index rises in March |
05.04.2024 |
|
|
|
|
|
10:04 |
Shellfish Crop Insurance Program Offers Oyster Producers Needed Protection from Environmental Challenges and More |
03.04.2024 |
|
|
|
|
|
23:01 |
Croatian horseradish root ‘Ludbreški hren' added to register of Protected Designations of Origin |
02.04.2024 |
|
|
|
|
|
10:15 |
FAO and chef Fatmata Binta announce new project to empower women fonio producers in Ghana |
28.03.2024 |
|
|
|
|
|
12:55 |
Council compromise on Ukraine ATMs – Only a half step forward in the right direction |
|
09:18 |
Commission approves amendment to Italian State aid scheme to support companies in Friuli Venezia Giulia in the context of Russia's war against Ukraine |
Also available: 
|
