Sunday, September 22, 2013

Argentine ag facts



50% of the soy grown in Argentina is grown around Rosario.

China buys 60% of the world soy market. They import 65 million tons on top of what they produce domestically.

China is only currently using half of it’s crush capacity. China is modernizing their crushers, but the limitation, from the Argintinean perspective, is that China doesn’t have the raw material. They believe that this is a more economical solution.

In China, soy is used to feed pork and chicken.

Lack of water is limiting China’s production of more food. As middle class grows, they will want more meat. And as people urbanize, they eat differently.

Wheat is viewed only as a balance for oilseeds, but the experts would like more Argentine producers to care about the sustainability of the land and rotate soy and wheat and corn.

Brazil and Argentina were complimentary before but today they are more competitive.

There were canola crops in the fields.




 

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