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.
No comments:
Post a Comment