Latest News

Bunge completes loading of first export of Argentine soy meal destined for China

The maritime agency NABSA announced on Tuesday that U.S. grains trader Bunge will finish loading 30,000 metric tonnes of Argentine soymeal destined for China by Wednesday. This is the first time such a cargo has been loaded.

Bunge sent a soybean meal shipment to China in July. Last month, the company diverted the sale from China to Vietnam due to "commercial reasons."

According to NABSA’s daily port activity reports, the Sumatra ship will be loaded at T6 terminal which Bunge jointly operate with Argentina’s AGD, in the port city of San Lorenzo north of the agricultural hub city of Rosario.

Bunge Argentina has not responded to an immediate request for confirmation of the information published on NABSA's website.

NABSA reported that two other ships, the UBC Salerno, and the Africa Merlin were also expected to arrive in Argentina on September 17th and 18th, respectively. The two ships are also scheduled to load 30,000 tonnes of soybean meal at the T6 terminal. They will be heading for China. (Reporting and editing by Rashmi aich; Maximilian Heath)

(source: Reuters)