Argentine exports of grains and byproducts generated revenues of $2.616 billion in July, up 32.3% compared to June and 35.8% above year-ago, according to data from the Chamber of the Oilseed Industry of the Argentine Republic (Ciara) and the Cereal Exporters Center (CEC). In the first seven months of the year, revenues totaled $13.640 billion, up 5.2% from the same period last year. Soybean meal accounted for 12% of the total exported, followed by corn (11%) and soybean oil (6.9%).
According to the organizations, the performance partly reflects the adoption of the reference value called the “export dollar,” in force since December 2023. But Argentina also has a lot more product to export as production sharply rebounded from the historic drought in 2023.
