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The government has agreed with the People's Republic of China to open this market for soybean meal from Argentina, the country's main export product, after 20 years of negotiations between countries.
The announcement will be made official next Wednesday at the Ministry of Agriculture, Livestock and Fisheries, announced the agriculture portfolio in a statement.
"This historic agreement for Argentina represents an excellent opportunity to enter the largest consumer market of vegetable protein for food in the livestock sector"said the agriculture.
China has more than 500 million head between pigs and cattle.
This new stage, crossed by the joint work of the Ministries of Agriculture, Livestock and Fisheries, Foreign Affairs and Worship, the Embbady of Argentina in China and of Senasa, will be formalized tomorrow by the Minister Luis Miguel Etchevehereand the Chinese ambbadador to Argentina, Zou Xiaoli, at noon in the agricultural portfolio.
In the accumulation of 2019, he exported 4.3 million tons of soybean (80% of the total) and 163 954 tons of soybean oil (4%).
This agreement is the result of the cooperation relationship created by the Presidents Mauricio Macri and his Chinese couple, Xi Jinping, and the policy of openness to the world initiated four years ago, said agriculture in his statement.
HISTORICAL AGREEMENT: WE WILL EXPORT Soymeal to China. After 20 years of negotiations, we reached an agreement. China is the world's largest consumer of vegetable protein for livestock feed and we will now sell you a higher value product
– Mauricio Macri (@mauriciomacri)
September 10, 2019
"This is a new key for the agricultural sector, our country is the largest exporter of soybean meal and one of the largest markets in the world is opening., added the president.
This is a new key for the agricultural sector. Our country is the largest exporter of soybean meal and one of the largest markets in the world is opening now. It means more manpower, more work in the agri-food sector and more opportunities for the Argentineans.
– Mauricio Macri (@mauriciomacri)
September 10, 2019
During these years, Argentina has managed to penetrate the Chinese market with its bovine, ovine and porcine soybean and soybean oils (imports suspended in 2015), as well as cherries, citrus fruits, blueberries fresh and dried peas, tangerines, split and bulk honey.
Argentina is the world's largest exporter of flour and soybean oil and the third largest producer of soybeans.
This year, it is estimated that a total of 26 million tons of soybean meal, 6.5 million soybean oil and 8.5 million tons of soybeans will be exported.
The soybean complex employs a total of 345,000 people, or 16% of the national agri-food workforce.
This year, nearly 25 million tons of soybeans have been processed, accounting for 80% of the total use of oilseeds.
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