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Trade war boosts Argentina soy exports, hurts crushers
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The Cattle Site
Trade war boosts Argentina soy exports, hurts crushers Raw bean sales to China soar, but local plants sit idleUS President Donald Trump's trade war with China has reverberated in Argentina, denting the country's massive soy crushing industry even though overall soybean sales hit a six-year high, reported Reuters.
Soaring exports of raw beans to China from the South American country have slowed supply to local processors.
"This trade war has not brought benefits to Argentina; it has brought harm."
Bittersweet boomTrump's trade war has forced Beijing to find alternatives to US soybeans, and it has turned to Argentina and Brazil.
"This export boom is being fueled by new demand from China that stems directly from its trade war with the United States," Idigoras told Reuters.
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