In August, soybean crushing in Argentina—according to official data—reached 3.90 million tons, a figure 20.8% higher than that recorded in the same month of 2024.
The recovery in crushing was driven by a greater domestic supply of soybeans, as the relative share of imported soybeans was 10.0% compared to 17.2% in August 2024.

Last month, Argentina imported 390,900 tons of soybean grain, almost 100% of which came from Paraguay. In the first five months of the 2024/25 commercial cycle, the share of imported soybeans in Argentina’s crushing process was 16.6%, compared to 19.4% in the same period the previous year.
The purchasing capacity of the oilseed industry last month grew alongside the recovery of international soybean oil prices and, to a lesser extent, soybean meal prices.

The competitiveness of Argentine oilseed factories is expected to strengthen in the final quarter of the year, thanks to the temporary suspension of export taxes.
In July, activity in the sector began to decline following a “commercial drought” triggered by an increase in agricultural export duties. As a result, the government of Javier Milei was compelled to reinstate in August the export tax reduction that had been in effect until the end of June. This measure encouraged greater soybean sales by producers, though at more moderate levels compared to those recorded until June.
The Secretariat of Agriculture estimates that soybean grain imports for the 2024/25 commercial cycle will reach 6.50 million tons, compared to 7.19 million tons in 2023/24. Between April and August of this year, 3.15 million tons have already been purchased.
The entry of soybeans into the Argentine market occurs under the framework of the “temporary importation of goods for industrial processing” regime, established by Decree 1330/2004. This facilitates the import of inputs with the obligation that, once processed in Argentina, they are exported as soybean meal, oil, and biodiesel to generate foreign currency.