Record Soybean Processing Drives Significant Growth in Argentina’s Soybean Meal Output

According to Argentina’s Ministry of Agriculture, soybean meal production in September reached 3.027 million tons, marking a 121% year-on-year increase from 1.371 million tons in September 2023 and a 1.1% rise from August’s output of 2.361 million tons.

Strong Growth in Soybean Meal Production Through 2024

In the first nine months of 2024, Argentina's total soybean meal production surged by 46%, reaching 22.72 million tons compared to 15.61 million tons during the same period last year. This growth aligns with projections from the Rosario Grain Exchange, which anticipates a 44% increase in Argentina’s soybean processing volume for the year.





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