February 7, 2013
Argentina sees decreaed soy crushing in 2012
Soy crushing in Argentina has shown a significant decrease in 2012 due to a drought-dented soy crop.
Soy crush dropped to 33.3 million tonnes in the calendar year of 2012, down 10.7% compared with 37.3 million tonnes in 2011, said the Argentine Ministry of Agriculture. During December 2012, soy crushing fell to 1.96 million tonnes, down from 2.85 million tonnes in December 2011.
The South American nation harvested 40.1 million tonnes of soy in 2011/12, a decrease of 18% from 2010/11. The smaller harvest led to extremely tight supplies, forcing many crushing plants to reduce or halt production.
