After the disastrous 2023 soybean harvest, the processing industry in Argentina is short of feedstock to maintain production.
The small 2023 crop presents the processing industry in Argentina with some major challenges. Low domestic feedstock supplies have led to significantly lower utilization levels at oil mills. Oil mills are currently only utilizing two thirds of their available capacity. Utilization levels could decline further if domestic soybean supplies continue to dwindle. The first new-crop batches will not be available to the industry until May 2024.
In the months January to August 2023, soybean processing dropped 27 per cent compared to the
The small 2023 crop presents the processing industry in Argentina with some major challenges. Low domestic feedstock supplies have led to significantly lower utilization levels at oil mills. Oil mills are currently only utilizing two thirds of their available capacity. Utilization levels could decline further if domestic soybean supplies continue to dwindle. The first new-crop batches will not be available to the industry until May 2024.
In the months January to August 2023, soybean processing dropped 27 per cent compared to the
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