| | | China to inspect Argentine crushers, could unlock No. 1 soymeal market
President Chaos is destroying American export markets. Low IQ moron supporters don't care. The libs are triggered, they say.
BUENOS AIRES (Reuters) - A Chinese delegation is set to visit Argentina in August to inspect soymeal crushing plants, Argentine government and industry officials told Reuters, a key step as the South American country looks to open up exports of processed soy to the world's No. 1 consumer.
Argentina, the top global soymeal exporter, has tried for years to break into the China market, the biggest consumer of the meal which it uses to feed its giant hog herd. China, with its own crushing industry to protect, has steadfastly resisted.
Global trade uncertainties - including pessimism about U.S.-China negotiations that start on Tuesday in Shanghai - has, however, strengthened Argentina's hand, grain traders said, prompting China to expand its soymeal import options.
"We will have a visit of Chinese officials as part of the process of pursuing the objective of exporting soybean meal to China," Santiago del Solar, chief of staff to Argentina's Agriculture Secretary, told Reuters.
China is the No. 1 buyer of Argentine soybeans but does not import any of its processed meal, which could be used to help feed the world's biggest hog herd as consumers in the country shift toward a diet of meal-fed pork and poultry.
"Argentina has spent 20 years trying to gain access to the Chinese soymeal market. In all that time, this is the first Chinese trade mission to Argentina specifically to discuss soymeal," Gustavo Idigoras, president of Argentina's CIARA-CEC chamber of grains exporting companies, said in an interview.
He added Chinese customs inspectors would arrive on Aug. 18 for a two-week trip and visit crushing plants operated by eight firms including Bunge Ltd, Vicentin, Molinos Agro SA, Louis Dreyfus Corp, Cargill Inc.
"It makes sense for the world's biggest and most efficient soymeal exporter to sell to the world's biggest consumer."
The firms did not immediately respond or declined to comment.
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.
news.yahoo.com |
|
