About 3.3 million tons of soybeans were processed at the Argentina oil refineries last month. Compared to October this year and November 2021, the figures increased by 400 thousand tons. These data were released by the country’s Ministry of Agriculture.
“In particular, the production of soybean meal is estimated at 2.3 million tons, soybean oil – 644.7 thousand tons,” – said in the materials.
Heavy rains will be good after the prolonged drought
According to experts from the Buenos Aires Grain Exchange, a storm front is expected to pass through Argentina in the coming days, which will cause heavy rains, which will effectively help soybeans and other crops after a prolonged drought. In particular, according to experts, the rainfall will give farmers the opportunity to complete the sowing campaign of soybeans on the still unplanted 200 thousand hectares.
Argentina is the world’s largest exporter of soybean oil and meal, as well as one of the key suppliers of soybeans to foreign markets.
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