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  • Will Argentina lose its position in the world's largest exporter of soybeans?
  • As a result of the drought, Post estimates that Argentina will need to import a record 11 MMT of soybeans to achieve a crush of 29.5 MMT. This reduced crush would lead Argentina to export only 18.75 MMT of soybean meal, potentially losing its position as the world's largest exporter of soybean meal. Soybean oil exports are estimated at 3.65 MMT.
  • Which countries export soybean oil from Argentina?
  • The main destination of Soybean Oil exports from Argentina are: india ($3.1B), Bangladesh ($513M), Peru ($404M), Morocco ($260M), and Chile ($244M). The fastest growing export markets for Soybean Oil of Argentina between 2021 and 2022 were Morocco ($183M), Dominican Republic ($176M), and Pakistan ($122M).
  • How much soybeans will Argentina produce in 2022?
  • Post lowers its 2022/2023 estimate for Argentine soybean production to 23.9 million metric tons (MMT). This production estimate is the lowest in 24 year and the yield estimate is the lowest in almost 50 years. As a result of the drought, Post estimates that Argentina will need to import a record 11 MMT of soybeans to achieve a crush of 29.5 MMT.
  • Which country exports the most soybean oil?
  • Currently, Argentina is the leading Soybean oil exporting country with an export volume of about ~5.1 million metric tons. Argentina's soybean production is forecast at 53.0 million tons, down 3.0 million from the revised 2018/19 forecast due to a lower trend yield and bad rainfall.
  • Which country exports soybean oil in 2022?
  • Exports In 2022, Argentina exported $6.79B in Soybean Oil, making it the 1st largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 3rd most exported product in Argentina. The main destination of Soybean Oil exports from Argentina are: india ($3.1B), Bangladesh ($513M), Peru ($404M), Morocco ($260M), and Chile ($244M).
  • What would happen if Argentina ceased exporting soybean meal?
  • This reduced crush would lead Argentina to export only 18.75 MMT of soybean meal, potentially losing its position as the world's largest exporter of soybean meal. Soybean oil exports are estimated at 3.65 MMT. Sunflowerseed production is estimated unchanged at 4 MMT and peanut production is lowered to 970,000 MT due to the effects of drought.