Argentina plans to export an abundance of soymeal to China
Due to Usa – China trade dispute with exports in 2019
A top agriculture ministry official explained that Argentina plans to export substantial amounts of soymeal to China after the next harvest in May.
Argentine officials were in Beijing finalizing the paperwork needed to ship the country’s product to China, Santiago del Solar, ministry chief of staff, said in an Cnbc interview.
Argentina is already the words largest exporter of soymeal. In 2017 they exported 28.3 million tonnes of soymeal. Just over 33 percent of that went to the European Union.
Beijing placed tariffs on U.S. soymeal in June as the result of an ongoing trade dispute. That tariff, along with others is opening doors for countries like Argentina in the Chinese market.
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