Argentina’s exporters signed a letter of intent with China to ship around US$900 million worth of soybeans, corn and vegetable oil to China, adding momentum to Beijing’s attempts to skirt the United States as a source of key agricultural produce. Argentina is the world’s top supplier of soybean meal and soybean oil, and China is already the biggest destination for the nation’s raw soybean exports.
SOURCE: UKR AGROCONSULT
https://ukragroconsult.com/en/news/argentina-china-secure-key-commodities-agreement/