History: China will buy Argentine soy flour

This announcement puts an end to the negotiations that have lasted 20 years between the two countries and strengthens the trade link between Argentina and the Asian giant.

"This historic agreement for Argentina represents an excellent opportunity to enter the world's largest consumer market of vegetable protein for food in the livestock sector," said the Argentina's presidential zone in a statement declaring that the agreement would be made official Wednesday.

Argentina is the world's largest exporter of soybean meal and China, the largest purchaser of unprocessed soybeans in South America.

However, until now, the Asian giant – which is not a major player in the global petroleum derivatives trade – has not allowed the entry of seed derivative cargoes oleaginous plants from Argentina.

"This is excellent news that is timely – Argentina needs to add value to its exports to China and the world," said Luis Zubizarreta, president of ACSOJA, Reuters. the chamber that represents the oilseed production chain, from the primary sector to the agri-food industry

Last year, Argentina exported 24.2 million tons of soybean meal, for a total of $ 9,190 million. The main destinations were Vietnam and Indonesia.

(Report of Maximilian Heath, edited by Gabriel Burin)

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