October 28, 2008

                 
Argentina soy exports dwindle by 19 percent on-year
                                 

 

Argentina's soy shipments in September totalled 1.3 million tonnes, down from 1.6 million tonnes on-year, according to the animal and food-inspection agency, Senasa.

 

September soy exports were valued at US$517 million. Soy shipments during the first nine months of the year totalled 10.4 million tonnes, up from 8.2 million tonnes during the same period a year ago.

 

China was, by far, the largest destination for soy exports, buying 8.2 million tonnes from January through September.

 

Soymeal exports in September totalled 1.3 million tonnes, up from 980,181 million tonnes a year earlier. Soymeal exports during the first nine months of the year reached 9.5 million tonnes, down from 9.8 million tonnes a year earlier.

 

Spain was the leading destination for Argentine soymeal during the first nine months of the year, followed by the Philippines, the Netherlands, Indonesia, Italy, South Africa and Thailand.

 

September soy pellet and cake exports totalled 422,337 tonnes, compared with 243,058 tonnes in August 2007. Soy pellet and cake exports during the first nine months of the year totaled 2.2 million tonnes, up from 2 million tonnes a year ago.

 

Meanwhile, soyoil exports in September totalled 437,378 tonnes, up from 342,090 tonnes a year earlier.

 

Soyoil exports during the first nine months of the year reached 2.3 million tonnes, down from 2.4 million a year earlier, according to Senasa.

 

China was the main market for Argentine soyoil so far this year, followed by Egypt.