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Argentina Weighs Biofuel Push as Superharvest Looms After 2025 Export Surge

Policymakers face pressure to boost processing capacity to prevent a price slump through higher biofuel mandates.

Overview

  • The Rosario Grain Exchange reported 105.5 million tonnes exported in 2025, with the top 10 firms capturing 90.5% and Cargill leading at 17.3 million tonnes.
  • Agroexporters liquidated USD 31.34 billion in 2025, including USD 1.015 billion in December, aided by temporary duty relief under Decree 682/2025, according to CIARA-CEC.
  • The Agriculture Secretariat said 162 markets were opened or reopened in 2025, including initial wheat shipments to China and broad restorations after the avian influenza disruption.
  • Analysts project a 2025/26 harvest near 140–145 million tonnes and warn of downward price pressure unless domestic demand expands.
  • Proposals center on raising biodiesel and ethanol blending and adding maize and sorghum processing capacity, with energy and mining exports also expected to bolster dollar inflows in 2026.