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Argentina: Current and Possible Growth of Oilseed Crushing and Exports
Tivoli, Sao Pablo, 17 September 2014
María Marta RebizoManager of Economic and Business Affairs of CIARA and CEC
Members of CIARA and CEC
1 ACEITERA GENERAL DEHEZA S.A. 27 GRANELES DE ARGENTINA S.A.2 ACSA S.A. 28 ISAURA S.A.3 ADECO AGROPECUARIA S.A. 29 L.D.C. ARGENTINA S.A4 ADM ARGENTINA S.A. 30 LA OLEAGINOSA DE HUANGUELEN S.A5 AGRICULTORES FEDERADOS ARG 31 LA PROVIDENCIA AGRICOLA GANADERA SRL6 AGRO URANGA S.A. 32 LARTIRIGOYEN Y CIA S.A.7 AGROTECNOLOGIA Y SERVICIOS S.A. 33 LIAG ARGENTINA S.A.8 ALEA Y CIA S.A. 34 LOS GROBO AGROPECUARIA S.A.9 ALFRED C. TOEPFER INTERNATIONAL ARG. SRL 35 MAN AGRO S.A.
10 AMAGGI ARGENTINA S.A. 36 MOLINO CAÑUELAS S.A.11 ANDREOLI S.A. 37 MOLINOS RIO DE LA PLATA S.A.12 ASOCIACION COOPERATIVAS ARGENTINAS 38 MSU S.A.13 BUNGE ARGENTINA S.A. 39 MULTIGRAIN ARGENTINA S.A.14 BUYATTI S.A. 40 NIDERA S.A.15 CANTABRIA S.A. 41 NOBLE ARGENTINA S.A.16 CARGILL S.A. 42 OLEAGINOSA MORENO HNOS.17 CGG TRADING ARGENTINA S.A. 43 PRODUCTOS SUDAMERICANOS18 CHS DE ARGENTINA S.A. 44 QUEBRACHITO GRANOS S.A19 CIA ARGENTINA DE GRANOS 45 SEDA20 CRESUD SACIFYA 46 TANONI HNOS S.A21 CURCIJA S.A. 47 TILO PAMPA S.A.22 E.R.ZENI Y CIA S.A. 48 TOMAS HNOS Y CIA SA23 E-GRAIN S.A. 49 UNIVERSAL GRAIN ARGENTINA S.A.24 EL TEJAR SA 50 VICENTIN S.A.
25 GEAR S.A.26 GLENCORE S.A.
Content
1. Argentina World Leader in important commodities
2. The export and processing cluster of “Big Rosario”
3. Big Investments in crushing facilities and ports
4. Current crushing capacity and used capacity
5. Projection of crushing of oilseed in next years
6. Projection of exports of grain and oilseed products in next years
7. Port capacity
8. Some challenges to increase production and exports
World Market Share 2013 (%)
Argentina Position
Leader Country
SOYBEAN OIL 68% 1st. Argentina
SOYBEAN MEAL 52% 1st. Argentina
SUNFLOWER OIL 9% 3rd Ukraine
SUNFLOWER MEAL 9% 3rd. Ukraine
PEANUT OIL 28% 2nd. Brazil
PEANUT MEAL 12% 2nd. Senegal
SOYBEAN 9% 3rd. USA
WHEAT 5% 8th USA
CORN 20% 3rd. Brazil
SORGHUM 46% 1st Argentina
BARLEY 17% 2nd Australia
Source: Oil World and IGC
Argentina, World Leaderin important commodities
Fuente: CIARA
The Export and processing cluster of “Big Rosario”
The world
biggest
industrial
concentration
and the most
efficient close
near production area.
In a radius of 300 Km from Rosario
Corn 35% of production
wheat 35% of production
Soybean 50% of production
Crushing Capacity 80% of National Total
Ports 90% of oils and meal
proteins exports
Fuente: CIARA
Exports by ports(Grains, Protein Meals and Veg. Oils – 2013)
GRAINS EXPORTED BY PORTS - 2013 (Metric Tons)
WHEAT CORN SOYBEAN OTHERS TOTAL
Big Rosario 1.205.628 16.190.945 1.778.177 2.652.482 21.827.232
Total Arg. 2.444.179 19.500.458 7.630.471 5.553.893 35.129.001
PROTEINS MEALS EXPORTED BY PORTS - 2013 (Metris Tons)
SOYBEAN MEAL
SUNFLOWER MEAL MALT OTHERS TOTAL
Big Rosario 23.168.121 289.077 215.380 2.852 23.675.430
Total Arg. 24.026.096 324.259 519.620 2.852 24.872.827
VEGETABLE OILS EXPORTED BY PORTS - 2013 (Metric Tons)
-SUNFLOWER
OILSOYBEAN
OILPEANUT
OIL OTHERS TOTAL
Big Rosario 178.946 4.204.561 29.800 32.678 4.445.985
Total Arg. 284.364 4.491.148 29.800 40.178 4.845.490
62%
95%
92%
Fuente: CIARA
USD 700 MM
USD 770 MM
USD 2700 MM
1994 -1998 2003-2006Investment
Stock
USD 1230 MM
2007 -2012
Big Investments in crushing facilities and ports
(in millions USD)
In 2014 the daily crush capacity reaches 196.381 ton, near equiv. to 59 MM ton/year
10 MAIN COMPANIES (DAILY CRUSH CAPACITY IN TONS)
MOLINOS RIO DE LA PLATA 21.500 ACEITERA GRAL. DEHEZA 20.000San Lorenzo 20.000 T6 10.000
Rosario 1.500 Aceitera Chabás 4.000
VICENTIN 20.500 Gral Deheza 6.000
Oleaginosa San Lorenzo 10.000 NOBLE 9.500Pto San Lorenzo 6.500 Timbúes 9.500
San Lorenzo 4.000 BUNGE ARGENTINA 24.200
LOUIS DREYFUS COMPANY 20.000 Ramallo 3.000
Gral Lagos 12.000 T6 10.000
Timbúes 8.000 Pto San Martín 8.000
NIDERA 11.000 San Jerónimo Sur 2.200
Saforcada-Junin 4.500 Tancacha 1.000
Pto. San Martín 6.500 CARGILL 26.200
GLENCORE 5.150 Pto Quequen 2.000
Daireaux 1.800 Ing. White 2.200
General Villegas 2.000 Pto. Quebracho 9.000
Quequen 1.350 V. Gob. Gálvez 13.000
RENOVA 20.000 TOTAL 178.050
26 plants
represent the
91% of Total
Crushing Cap.
and 16 are in
the “Big
Rosario”
cluster (77%)
58,914,300 58,914,300
36,921,070
54,546,000
54,430,032
69,371,000
0
10,000,000
20,000,000
30,000,000
40,000,000
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60,000,000
70,000,000
80,000,0009
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Installed Capacity
Crushing
Grain Production
Fuente: CIARA
Crushing: Projection for the next years (in MT)
Source: Projection of grain production and crushing from ERAMA 2022, Fundación INAI
37% Idle Cap.
9% Idle Cap.
Additionally, the crushing can increase nearly 3 MM tons if it allow to use the
temporary addition system.
+ 48%
Crushing
Exports: Projection for the next years
Source: ERAMA 2022, Fundación INAI
+ 23 % in
grains and
meals
+ 47 % in
oils
68,729
84,568
40,254
46,857
2,383
7,480
19,917 17,852
7,743 11,354
4,0996,028
21,763
37,036
1,355 1,9630
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,0000
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Grains + Meals GrainsWheat CornSoybean Soybean OilSoybean Meal Biodiesel
+ 16 % in
grains
+ 70 % in
soy meal
Fuente: CIARA
Port capacity
– The average speed loading capacity is good ( 1.765 ton/hr in grains; 1229 ton/hr in meals and 668 ton/hr in oils).
– Taking into account the maximum load verified per month during last years and extending this during 12 month, Argentina can export 100 MM tones of grains and meals and 8MM tons of oils. Nearly 8,5 MM of grains and meals and 700 M of veg. oils. per month.
– The theoretical port loading capacity is bigger (20 MMT/month in grain and meals and more than 4 MMT/month in veg.oil.)
– To take advantages of the theoretical port capacity is necessary to increase the numbers of download platform to receive grains and improve the access to the plants and ports.
Fuente: CIARA
Some Challenges to increase production and exports
– Improve the “Belgrano Cargas” Train for the Argentine North-West and North-East production.
– Increase the Parana River draught to 36 feet from Timbues, in the North of Rosario, to River Plate. Maintain the draught in 10 feet in the North of the Hidrovía Paraná-Paraguay.
– Improve the energy supply.
– Improve the road network.