Joana Colussi discusses how drought in Argentina led the country to become the second largest destination for Brazilian soybean exports in 2023 behind China. She analyzes trade data to show the drastic decline in Argentina's soybean production and exports versus the surge in Brazil's soybean shipments. China imported record volumes of soybeans from Brazil as Argentina struggled to fulfill export contracts.
Brazil Breaks Soybean Export Record and Displaces Argentina in the Global Soybean Meal Market
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