Another consequence of historic Argentine drought: it could lose its position as world's main soy meal exporter

Argentina could soon face the consequences of the historic drought ravaging its agricultural and industrial processing potential. This means the country may soon cease to be the world’s largest exporter of soy-meal, since domestic oilseed production, because of the historic drought is likely to reduced by 36% year-on-year to just 27 million tons in the 2022/23 cycle, said the Rosario Stock Exchange (BCR).