Argentina: Soybean complex exports reached a five-year high

Between January and November 2024, the country exported 2.4 Mt of flour, 612,000 tons of oil, and 94,000 tons of soybeans, marking a 14% decrease from October but a doubling of November 2023 numbers. This decrease is in line with the average seasonal trend, with 16% fewer tons of oils, flours, and beans usually shipped in November compared to October. Despite this seasonal dip, the accumulated exports for the soybean complex are projected to be the highest in five campaigns and 80% higher than at the same time last year, with December exports expected to further boost these figures.

(NAP) Between January and November 2024, 2.4 Mt of flour, 612,000 tons of oil and 94,000 tons of soybeans were exported, 14% less than in October, double that of November 2023 and in line with the volume shipped for the month during the last five years. However, soybean complex exports tend to suffer seasonally later in the campaign. On average, during November, 16% fewer tons of oils, flours and beans are usually shipped than in October, according to data published by the BCR's Department of Economic Studies. By adding the tons already shipped during December and those that should ...