April 29, 2019

Argentinean delegate seeks China's approval for soy-based feed sales


Officials from Argentina were recently in China to convince local buyers into acquiring Argentinean soymeal products and obtain the Chinese government's approval for the sales of soy-based livestock feed to the world's top consumer, Reuters reported.  

The Argentinean delegation included Agriculture Secretary Luis Etchevehere and the president of the CIARA-CEC chamber of grains exporters and soy crushing firms, Gustavo Idigoras. The team had met with representatives of 70 Chinese agro-industrial companies, an emailed statement from Idiogoras stated.

According to Idigoras, the team hopes to secure long-term trade deals with China. "This event is a milestone for commercial relations with China. It had never been possible before to provide information about our capabilities directly to Chinese buyers," Idigoras said in the statement.

"We are talking with them about the quality of our soymeal, trying to reach the point where they approve Argentina as a supplier of meal to China," Santiago del Solar, chief of staff to  Etchevehere, said in a telephone interview, noting that the process is a "step by step."

Although China is the top buyer of Argentine soybeans, it does not import any of its higher-margin processed meal, which could be used to help feed local hogs. The country  imports only small amounts of soymeal, with none of those from Argentina.

Argentina faces a challenge in getting permission to supply livestock feed directly to China, which currently crushes imported beans into meal locally.

The meetings came as China cut down the import of US soy, as a result of a trade dispute between both nations.

- Reuters