INSUBCONTINENT EXCLUSIVE:
Oilseed Industry (Ciara) and the Center for Cereal Exporters (CEC).This figure shows a 1.6% decline compared to November but marks a
significant 58% increase from December 2023
billion, reflecting a 27% rise from the previous year
The increase in foreign currency inflow during December resulted from strong grain sales and the beginning of wheat and barley
harvests.Additionally, a robust soybean crushing program for exporting soybean meal and oil contributed to the inflow
The report highlighted that 2024 outperformed the previous year in terms of foreign currency inflow due to a larger harvest volume.December
2024 Sees 58% Year-on-Year Growth in Argentine Grain Revenues
(Photo Internet reproduction)The organizations noted that international prices did not keep pace with production improvements
They suggested that total annual values could have been even higher under different pricing conditions.Soybean meal emerged as the primary
export product, accounting for 12% of total exports
It also illustrates how market dynamics influence revenue generation in this vital sector.
