Argentina seeing strong soy demand from China

Market will continue to be driven by China, say experts

Argentina is still seeing strong demand for soy from China, in spite of China’s economic slowdown, according to reports — a situation not likely to change, said Argentine Agriculture Minister Norberto Yauhar.

“Over the years ahead, the market will continue to be driven by China,” said Yauhar. “We have a very good trading system with China. They will keep importing Argentine soy and derivatives.” Argentina is expecting a 2011–2012 soy crop of 44 million metric tons, after a December 2011–January 2012 dry spell ruined original expectations of a 53 million metric ton harvest.