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Latin American soy crush to rise in 2024 on crop recovery, higher biodiesel mandate

December 26, 2023 Comments Off

Latin American soybean crushing volumes are likely to increase consistently in 2024 on the back of a recovery in Argentina’s crop output and a higher biodiesel mandate set for Brazil. According to S&P Global Commodity Insights’ estimates, the combined crush for Argentina and Brazil is pegged to reach 92.10 million mt in 2024, jumping 15.3% from 2023, when Argentina saw…