Login ID:
Password:
Partner Login
Contact Us : 7066511911

China Allows Import Of Soymeal From Argentina For First Time

11 Sep 2019 10:22 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - China will allow the import of soymeal livestock feed from Argentina for the first time under a deal announced by Buenos Aires on Tuesday, an agreement that will link the world’s top exporter of the feed with the top global consumer.

The pact will be signed by Argentine and Chinese officials in Buenos Aires on Wednesday, Argentina’s agriculture ministry said in a statement. Last month Chinese officials inspected Argentine soymeal factories in the run-up to signing the pact.

Argentina had tried for years to break into the Chinese market, the biggest consumer of the meal it uses to feed its massive hog herd. China, with its own crushing industry to protect, had steadfastly resisted.

The US-China trade war, however, strengthened Argentina’s hand, prompting China to expand its soymeal import options, market sources say.

The meal manufactured in the giant crushing plants that dot the banks of Argentina’s Parana River, clustered around the country’s main grains hub of Rosario, is exported mostly to Southeast Asia, Europe and Northern Africa. China imports only small amounts of soymeal currently, none of it from Argentina.

Argentina, the top global exporter of processed soy, expects to export a total of 26 million tonnes of soymeal this year globally, and 8.5 million tonnes of raw beans.
 


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Indonesia Lowers Crude Palm Oil Export Tax At $3 Per To...
Govt Sharply Revises Down Base Import Price Of Edible O...
BMD CPO Faces Worst Weekly Loss In Over 11 Years
ITS May Lower Malaysia's Palm Oil Export Estimates For ...
Balance Stock Of Oilseed Under PSS With NAFED As On 26 ...
more
Top 5 News
Indonesia Lowers Crude Palm Oil Export Tax At $3 Per To...
Govt Sharply Revises Down Base Import Price Of Edible O...
New Chana Trade Mixed At Major Markets; Old Chana Firm
Spot Mentha Prices Edge Lower On Sluggish Demand
Domestic Sugar Prices Rule Steady
Top 5 Special Reports
USD/INR (Feb. 20) Short-term Strength Within a Multi...
USD/INR (Feb. 20) Short-term Strength Within a Multi...
USD/INR (Feb. 20) Positive Short-term Trend / Next R...
USD/INR (Feb. 20) Positive Short-term Trend / Next R...
USDMYR
Copyright © CC Commodity Info Services LLP. All rights reserved.