Argentina and Russia spent the last two weeks negotiating export and trade terms. In February, exports of soybean meal and flour from Argentina to Russia were suspended due to export condition discrepancies of genetically modified products.
On November 1, Jorge Dillon, president of Argentina’s National Health Service and Food Quality Organization (SENASA), along with Sergey Dankvert, chief of Russia’s Veterinary and Phytosanitary Federal Service, signed a trade agreement to resume shipments of soybean meal and flour.
SENASA said its 2015 exports of flour and soybean meal to Russia were approximately 85,000 tons. Argentina’s total 2016-2017 soybean exports are forecast to be 9.5 million tons, the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) said in an October 4, report.
The new agreement also allows Argentina to export to members of the Eurasian Economic Union: Armenia, Belarus, Kazakhstan and Kyrgyzstan.
SENASA will certify each shipment and keep records to make sure all products are shipped properly. (World-Grain/Business World Magazine)
