Almost the entire specified volume was purchased by China – 1,02 (0,8) million tons, which continues to contract oil, despite its high inventories and increased domestic production in the current year

Thus, despite the growth of export shipments, stocks of soybeans in Argentina as of the end of September are estimated at 27.6 million tons, 3 million tons higher than in the same period of 2016 and is a record high for the month.

The shipment of Argentine soybean oil in September also increased to 459 (336) thousand tonnes, with most of the growth in supply was observed in the direction of India to 167 (93) thousand tonnes and Bangladesh 73 (33) thousand tons.

At the same time, Argentina's exports of soybean meal during the month under review has slightly decreased and amounted to 2.39 (2,47) million tons. The decrease in deliveries was noted towards Indonesia, Algeria and South Africa. In turn, increased the volume of purchases of product to EU countries, Turkey and Australia.

Photo: ua.all.biz