China signed the first purchase of Argentine soybean flour before a commercial war threat with the US

As transcended, several manufacturers of Asian power are going to buy 30,000 tons soy flour metrics for your Shipping in Julyas proof. The operation will be subject to inspection in Eastern territory.

The cargo is expected to be bought U $ S360 per tonreach the south of the province of Canton in September. It is worth remembering that China is the largest world consumer of the raw material rich in protein for animal feed, but it produces most crushing soybeans imported mainly from Brazil and the United States.

Argentina is the first world exporter of oil and soybean flour

Chinese crushers have been buying Brazilian soybeans and avoiding US exports due to high tariffs imposed during the current commercial war between Beijing and Washington.

In this context, the purchase to Argentina seeks to safeguard supplies in the event that the commercial war has a lasting impact in American soy imports.

China opened its market to Argentine soybean flour in 2019 after years of resistance motivated by the desire to protect its national grinding industry. Despite the approval, so far there had been no purchases of cargoes in Argentine soybean flour, according to Chinese customs data.

Asians imported about 30,000 tons of soy flour in 2024, mainly from Denmark, according to your customs data.

Oil Soy Dollar Grains Field Comodities

Argentina is one of the great soy players worldwide.

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Argentina benefited from a rise in the price of soybean oil

Recently, The price of soybean oil came to jump more than 15% on two wheels, as a consequence of the US biofuel proposal.

He soybean oil in the rough it was the Fourth product more exported by Argentina in 2024behind soy flour and pellets, grain corn and raw oil oils.

This commoditie of the Sojero complex represented 24.6% of last year’s exports and, within that set, 32.2% was due to soybean oil, which traced US $ S6.332 million during the year, according to INDEC.