# Argentina's central bank blocks bankrupt soy giant from exchange markets | Financial Post

> Argentina's central bank suspended soy crusher Vicentin from exchange markets and foreign payments until it settles debts, and barred customs from processing its new shipments. The company, once the main soyoil and meal exporter, owes more than $1 billion in bad debts and faces bankruptcy proceedings.

- Date: 2021-04-26 · published 2021-04-26T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/47433-argentina-s-central-bank-blocks-bankrupt-soy-giant-from-exchange-markets
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Vicentin's export halt removes a major share of Argentine soyoil and meal shipments, tightening near-term supply. Buyers may see wider spreads and logistics delays out of Argentine ports.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-06-10 | [Argentina stirs up giant soy market with state takeover](https://feedsoft.ai/events/52447-argentina-stirs-up-giant-soy-market-with-state-takeover.md) | -0.9% | +0.8% |
| SBO | 2021-03-02 | [Pres. Fernandez pledges support to Argentina meals, oils exports - Fastmarkets](https://feedsoft.ai/events/47975-pres-fernandez-pledges-support-to-argentina-meals-oils-exports-fastmarkets.md) | +9.1% | +10.7% |
| SBO | 2022-03-14 | [Argentina halts export registration for soy oil, meal \| Reuters](https://feedsoft.ai/events/5494-argentina-halts-export-registration-for-soy-oil-meal-reuters.md) | -9.8% | +240.8% |
| SBO | 2022-06-27 | [Food export bans, from India to Argentina, risk fueling inflation](https://feedsoft.ai/events/14025-food-export-bans-from-india-to-argentina-risk-fueling-inflation.md) | -4.6% | -13.0% |
| SBO | 2022-02-01 | [Edible oil markets rally as Indonesia limits palm oil exports - Grain Central](https://feedsoft.ai/events/8092-edible-oil-markets-rally-as-indonesia-limits-palm-oil-exports-grain-central.md) | +1.1% | +8.8% |
| SBM | 2020-02-26 | [Soybeans bounce as Argentina suspends export registrations \| Financial Post](https://feedsoft.ai/events/54444-soybeans-bounce-as-argentina-suspends-export-registrations-financial-post.md) | +6.0% | +15.9% |
| SBM | 2020-06-10 | [Argentina stirs up giant soy market with state takeover](https://feedsoft.ai/events/52447-argentina-stirs-up-giant-soy-market-with-state-takeover.md) | +0.3% | +1.6% |
| SBM | 2019-08-31 | [Argentina cenbank tightens FX market access](https://feedsoft.ai/events/57875-argentina-cenbank-tightens-fx-market-access.md) | -0.3% | +2.3% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/argentinas-central-bank-blocks-bankrupt-soy-giant-from-exchange-markets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.