By Hugh Bronstein
BUENOS AIRES (Reuters) – Talks to allow Argentine soymeal livestock feed to enter China are progressing at a slower-than-hoped pace amid bureaucratic issues, including Chinese demands to inspect local crushing plants, the head of Argentina’s soy industry chamber said on Thursday.
Luis Zubizarreta, president of Argentina’s ACSOJA soy industry chamber that represents farmers, exporters and seed companies, said the country was keen to clinch an export deal that would secure access to the world’s biggest hog- and pork-producing country.
China needs enormous amounts of animal feed and has historically protected its soy crushing industry by importing raw soybeans to be processed locally.
However, a trade war between China and the United States – its second largest supplier of soybeans – has limited the flow of U.S. oilseeds to Chinese plants, encouraging them to look elsewhere.