Argentina Running Out of Soy Deepens Next President’s Problems
- Cargill, Cofco, Vicentin curbed output or closed soy factories
- New president badly needs exports dollars to fight inflation
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The road that leads to some of Argentina’s largest ports and soybean processing plants is usually filled with 2,000 trucks every day at this time of year. On a Tuesday afternoon late last month, there were only a handful.
After the worst drought in six decades left the world’s largest exporter of soy products with the smallest crop in nearly 25 years, farmers are running out of the very commodity that fuels Argentina’s economy.