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2w ago

Argentina’s Agroexport Commitments Set First-Half Record at 64.5 Million Tonnes

Under a temporary export duty cut ending in June, major exporters drove soybean complexes to 48% of commitments with maize at 35%.

El complejo soja volvió a ser la estrella del semestre, aportando 31,1 millones de toneladas, es decir, el 48% del total exportado.
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Overview

  • Export declarations for grains and byproducts reached 64.5 Mt in the first half of 2025, the highest such total for a January–June period and second only to late 2019.
  • Soybean complexes accounted for 48% of first-half commitments, with 31.1 Mt registered—61% in subproducts, 24% in beans and 14% in oil.
  • Maize exports climbed to 22.76 Mt, up 67% year-on-year and 61% above the 2019–24 first-half average, led by Cargill’s 4.5 Mt.
  • Cargill, Viterra and COFCO together registered 25.1 Mt, representing roughly 40% of total commitments and underscoring high market concentration.
  • With the duty reduction expired in June, the sector’s medium-term outlook will depend on infrastructure upgrades, currency exchange gaps and future tariff policy.