echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Food News > Food Articles > Soybean prices in the international market continue to rise, and the soybean planting area in the core production areas of Argentina may drop to the lowest level in 10 years

    Soybean prices in the international market continue to rise, and the soybean planting area in the core production areas of Argentina may drop to the lowest level in 10 years

    • Last Update: 2021-06-21
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Argentina's "Clarion" reported on June 10 that according to the statistics of the Rosario Grain Exchange in Argentina , the prices of soybeans and corn in the international market have risen by 54% and 84% respectively since the beginning of this year .
    Considering that the reserved soybean export tax rate (33%) set by the current government is much higher than that of corn (12%), and the high cost of soybean production, the profit margin of corn is obviously more attractive for growers .
    It is estimated that the corn planting area in the core production areas of Algeria will increase by 137,000 hectares to 1.
    6 million hectares in the 2021/22 year; the soybean planting area will decrease by 100,000 hectares to 4.
    8 million hectares .
     
    Argentina's "Clarion" reported on June 10 that according to the statistics of the Rosario Grain Exchange in Argentina , the prices of soybeans and corn in the international market have risen by 54% and 84% respectively since the beginning of this year .
    Considering that the reserved soybean export tax rate (33%) set by the current government is much higher than that of corn (12%), and the high cost of soybean production, the profit margin of corn is obviously more attractive for growers .
    It is estimated that the corn planting area in the core production areas of Algeria will increase by 137,000 hectares to 1.
    6 million hectares in the 2021/22 year; the soybean planting area will decrease by 100,000 hectares to 4.
    8 million hectares .
    Grain soybean corn price
     
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.