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Article

Argentina: Global soy trade heavily impacted by Covid-19 outbreak and management

"Argentina coronavirus cases throw wrench in global soy trade", 29 de julio de 2020

...Crop giant Argentina has reported its first cases of the coronavirus at port terminals that ship soybean products to the world in a fresh blow to the global commodities trade already disrupted by the pandemic.

China's Cofco International and U.S. agribusiness firm Bunge Ltd. were both forced to idle port terminals and soybean crush plants north of Rosario on the Parana River, Argentina's hub for shipments of soy meal for livestock feed and soy oil for cooking and biofuel. Local shipper Vicentin SAIC also had its operations disrupted after employees tested positive.

The confirmation of cases in Argentina's key export industry is a kick in the teeth for President Alberto Fernandez, who put in place a strict lockdown in March and has only just started to soften it in the Buenos Aires metropolitan area even as the virus curve refuses to flatten...