China opens soymeal market to No. 1 exporter Argentina in 'historic' deal
BUENOS AIRES (Reuters) - China will allow the import of soymeal livestock feed from Argentina for the first time under a deal announced by Buenos Aires on Tuesday, an agreement that will link the world's top exporter of the feed with the top global consumer.
The pact will be signed by Argentine and Chinese officials in Buenos Aires on Wednesday, Argentina's agriculture ministry said in a statement. Last month Chinese officials inspected Argentine soymeal factories in the run-up to signing the pact.
Argentina had tried for years to break into the Chinese market, the biggest consumer of the meal it uses to feed its massive hog herd. China, with its own crushing industry to protect, had steadfastly resisted.
"This is a historic agreement," Gustavo Idigoras, president of Argentina's CIARA-CEC chamber of grains exporting companies told Reuters, though he added the deal still required a two-step process of plant authorizations and then registrations that could take several more months.
"Shipments aren't expected to start immediately."
The meal manufactured in the giant crushing plants that dot the banks of Argentina's Parana River, clustered around the country's main grains hub of Rosario, is exported mostly to Southeast Asia, Europe and Northern Africa. China imports only small amounts of soymeal currently, none of it from Argentina.
Argentina, the top global exporter of processed soy, expects to export a total of 26 million tonnes of soymeal this year globally, and 8.5 million tonnes of raw beans.
"It is excellent and timely news. Argentina needs to add more value to its exports to China and the world," said Luis Zubizarreta, president of Argentina's ACSOJA soy industry organization that represents farmers, exporters and seed firms.
The pact provided a welcome respite from the bad news that has hammered Argentina's economy in recent months. The country is in recession and inflation is expected at 55% this year.
Business-friendly President Mauricio Macri, who is facing an uphill fight for a second term in an Oct. 27 election, said the agreement would bolster jobs in the agricultural sector and create more opportunities for Argentine farmers.
"Our country is the top exporter of soybean meal and now one of the largest markets in the world has been opened," he said.
译文来源：三泰虎 http://www.santaihu.com/48415.html 译者：Joyceliu
Looks like the world carries on without the US market...Not a good negotiating stance for the US of its farmers.
Argentina and Brazil have both recently voted trump as the greatest President in their histories.
Wait, how can Argentina be the world's number one exporter when trump supporters have told me it would take decades for them to begin growing soybeans.
Yeah, American farmers are going to suffer long term... But Trump is buying them off with subsidies... 28 Billion SO FAR... But who is helping the company and workers at John Deere and other farm equipment manufacturers, or the car sales and manufacturers that farm COMMUNITIES aren't buying... nor the small town coffee shops, and all the other businesses who depend on farmer economics and aren't getting subsidies.....?
pointing out your hypocrisy
apparently MAGA means Make Argentina Great Again... US soy farmers aren't gonna get the China market back long term... opportunity for new markets and new countries to fill in the void created by Trump's trade war...
evilone10 hours ago
US Farmers can you feel your markets "The ones you work hard over the last thirty years to get" slipping away.
So how's it going soy bean farmers? Feeling Great Yet?
China has found a more temperate and reliable market for importing soybeans. The American farmer will have to figure something else to grow. For myself, I have been brokering Chilean wines in the Chinese market. It has been profitable but Argentinian wines have become slightly cheaper. I don't expect to make as much profit this year but perhaps next year I may be able to sell both.
Elect Trump......and Make Argentina Great Again
John10 hours ago
So many South America markets are opening up to China. Trump has indeed tried to Make (South) America Great Again.
And now, soy farmers of the USA, you have lost your major buyer.
Are you still going to support Trump, who litterally just decimated your farm, for generations to come?