Although compared to last year, when there was a drought, field exports show a strong improvement, data from the Center for the Oil Industry of the Argentine Republic (CIARA) They warn that in historical terms they show that they are low.
“In August, foreign currency income was US$2,452 million, 40% more than in the same month of 2023, but with a 6% drop compared to the previous month and “significantly lower than the same month in 2021,” CIARA points out in a report.
The work reminds us that three years ago Grain exports had left US$3.05 billion and in 2022 about US$3.387 billion.
“In the first 8 months of the year totaled US$16.092 million, figure slightly higher than that verified for the same period in 2017 and 2018, but well below what was recorded in 2021 and 2022”says the private survey.
The entity also points out that “in August the Soybean sales by producers remained at low levels”.
“The monthly average of weekly sales was 522,000 tons, 50% below peak volumes reached at the height of the harvest and with monthly income of 60,000 trucks to the terminals,” explains the business chamber.
The work adds that “In corn, the increase in producers’ sales is consolidatedreaching a weekly average of 794,000 tons” although he clarifies that “a drop in the income of corn trucks was observed before the end of the harvest of 43,827 in August against 96,398 in July.”
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On the other hand, the CIARA report indicates that “the 60% of total soybean production (28.9 million tons) and the 38% of the possible exportable corn balance (13.8 million tons) still “It is priceless.”
The study indicates that “Soybean crushing in July rebounded and reached the highest level (4.381 million tons) for that month in the last 10 years, thanks in large part to the increase in soybean imports (959,000 tons, 93.5% from Paraguay).”
On the other hand, it is highlighted that in July the index that measures the installed capacity of the industry of soybean grinding rose to 75% versus 68% the previous month.
“Without soybean imports, the index would have been only 58%,” the report states, adding that “sunflower milling in the first 7 months of the year remains close to record levels, with 2.35 billion tons, the third highest volume of the decade,” the business chamber reported.
Source: Ambito
