China purchases 70.000 tons of Argentine soybean oil; in November 80.000 tons?

Wednesday, October 20th 2010 - 00:59 UTC

Full article 9 comments

China has bought at least 70,000 tons of Argentine soybean oil after Beijing decided to unlock the imports ban that had resulted in a mounting-tension conflict. The move came after China agreed to allow all products coming from Argentina to enter its ports and was reported by Oil World magazine. Read full article

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Hoytred
“ ... The move came after China agreed to allow all products coming from Argentina to enter its ports....”

The move came after world prices rocketed amid fears of a shortage :-)
Oct 20th, 2010 - 01:08 am - Link - Report abuse 0
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xbarilox
Hoytred is right. But President Cristina Fernández de Kirchner can't understand, she's incapable of doing it :(
Oct 20th, 2010 - 02:25 am - Link - Report abuse 0
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Pheel
1 Hoytred

The move came after China sky-rocketed soybean and soyoil prices buying at Brazil and at US (where the commodity price is built) , putting huge pressure over diminished american stocks.

At the same time, Argentina replaced the Chinese by India, Egipt and other buyers (at lower price but developing new relationships).

In the short-term, seems that has been a chinese mistake (as Argentina changed nothing).
In the long-term, the first commercial battle in a looong relationship.(we have been warned)
Oct 20th, 2010 - 12:31 pm - Link - Report abuse 0
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JorgeARG
I agree with you Pheel.
Oct 20th, 2010 - 07:42 pm - Link - Report abuse 0
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Think
What we all seem to agree on is that Argentina seems to have won this first commercial skirmish against the “Empire du Milieu”.....

Not a small feat….. be it sheer luck or outstanding strategic macroeconomic analysis :-)
Oct 20th, 2010 - 08:03 pm - Link - Report abuse 0
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Pheel
China wants to replace the Paraná ports´industries with their Dalian new processors.
For farmers more or less the same. For our country, the famous “value-added concept” at play.
Not sure if it´s understood by our gov.
China will come “recharged”, I don´t fear them, but we should be wise to take advantage and negotiate better long-term conditions. We must be prepared, not like this past crisis that had a hi-level of improvision.
Oct 20th, 2010 - 09:31 pm - Link - Report abuse 0
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Think
(6)
The “Added Value Concept” is, to the best of my understanding one of the basics of our last two administrations.I'm quite sure they “understand” it ...
We are in agreement about everything else........
Oct 20th, 2010 - 10:18 pm - Link - Report abuse 0
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Pheel
7 Think

For the number of times that has been speeched, sure.
For the real evidences...nor understood, neither supported.

I have many examples and numbers but you know that I don´t use to feed on their weaknesses here, at least the less I can.

I reckon their impulse of science and research, we must acknowledge and continue that.

About the chinese issue...more a matter of market than anything, sorry but it wasn´t a strategic vision, just something that Enrique Erize and other market analysts have stated to happen months ago: China need the soyoil. Gov underperformed in every aspect: late, didn´t understand the threat, no strategy.
Oct 21st, 2010 - 11:09 am - Link - Report abuse 0
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briton
but can argentina truly trust china, what else may she want,
Oct 21st, 2010 - 08:30 pm - Link - Report abuse 0
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