He stressed that “biodiesel and bioethanol, in this case, derived from soybeans and corn, respectively, are the goods whose industries are linked in production chains, adding value to national grains.”
The analysis highlighted that “the export performance of the biodiesel complex is undergoing a recovery in the rate of shipments abroad, while the foreign currency received reflects a strong rise compared to previous years.”
According to data from National Institute of Statistics and Censuses (Indec), Exports up to August reached 913,000 tons, with an income of US$ 1,363 million, yielding an average monthly shipment of 114,000 tons for a value of US$ 1,492 per unit of weight.
These data can be related to 2018 in terms of monthly tons, since that year an average of 116,000 were registered, while the current price is the maximum in at least 10 years.
“If it continues, the annual export rate could end in 2022 with total biodiesel exports of 1.37 million tons, just below 2018, although foreign exchange earnings would exceed US$2 billion, a maximum in at least a decade,” said the Rosario bag.
In the case of bioethanol, the entity indicated that “production has reached unprecedented levels.”
“Although in recent years the production of bioethanol from corn was below the 2018 record when 586,000 cubic meters were produced, in 2022 a production rate has been reached that indicates that this record could be broken” , noted the report.
In fact, in 2018, at this time of the year, 342,000 cubic meters had been produced, while in the January-July 2022 stretch, 384,000 were reached, exceeding the previous historical maximum by 12.3%, while the increase Compared to the first seven months of 2021, it is 32.4%.
“If we take into account that on average in the last five years, bioethanol production from the January-July stretch meant 56.7% of the annual result, it would allow us to estimate a record bioethanol production for 2022 of 677,000 cubic meters,” concluded the Rosario Stock Exchange.
Source: Ambito
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