# Vicentin set to restart exports while banks claim it ‘diverted’…

> A court overseeing the preventive bankruptcy of Argentine crusher Vicentin ordered tax authorities to lift export restrictions on the company. Creditors, including Rabobank and ING, alleged around US$400M was siphoned off before the bankruptcy, which Vicentin denies.

- Date: 2020-07-17 · published 2020-07-17T12:00:00.000Z
- Category: trade · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/51950-vicentin-set-to-restart-exports-while-banks-claim-it-diverted
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Restoring Vicentin's export capacity adds back a major soymeal and soyoil exporter's volumes to world markets, modestly easing supply tightness, though ongoing legal uncertainty may keep trade flows volatile.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2019-06-04 | [Exclusive: Pile drive - China expected to divert outstanding U.S. soybean cargoes into reserves](https://feedsoft.ai/events/58476-exclusive-pile-drive-china-expected-to-divert-outstanding-u-s-soybean-cargoes.md) | -2.2% | -4.9% |
| SBM | 2021-11-03 | [Argentina: Soybean exports in 2020/21 reached 33.1](https://feedsoft.ai/events/14073-argentina-soybean-exports-in-2020-21-reached-33-1.md) | +0.7% | +3.5% |
| SBM | 2026-03-01 | [Will Ukraine be able to export all of its grain in 2026?](https://feedsoft.ai/events/14133-will-ukraine-be-able-to-export-all-of-its-grain-in-2026.md) | -0.1% | +1.0% |
| SBM | 2017-03-30 | [Argentina Republic／Loan Insurance for Vicentin S.A.I.C. Long-term Financing｜Topics｜NEXI Nippon Export and Investment Insurance](https://feedsoft.ai/events/71852-argentina-republic-loan-insurance-for-vicentin-s-a-i-c-long-term-financing.md) | -1.9% | -1.7% |
| SBM | 2023-03-08 | [U.S. Ethanol Export Sales Kick Off 2023 with Large Gains while U.S. DDGS Exports Scale Back](https://feedsoft.ai/events/36840-u-s-ethanol-export-sales-kick-off-2023-with-large-gains-while-u-s-ddgs-exports.md) | -1.9% | -8.4% |
| SBO | 2022-05-22 | [Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports](https://feedsoft.ai/events/41497-malaysia-sees-sustained-competitiveness-even-as-indonesia-resumes-palm-oil.md) | -1.6% | -9.5% |
| SBO | 2020-06-11 | [Exclusive: Argentine takeover of soy crusher Vicentin may scuttle Glencore's Renova bid - sources \| Reuters](https://feedsoft.ai/events/52446-exclusive-argentine-takeover-of-soy-crusher-vicentin-may-scuttle-glencore-s.md) | +0.4% | +0.7% |
| SBO | 2022-09-05 | [Brazil's soy oil export surplus could be here to stay - Fastmarkets](https://feedsoft.ai/events/39663-brazil-s-soy-oil-export-surplus-could-be-here-to-stay-fastmarkets.md) | -0.4% | -10.3% |

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/vicentin-set-to-restart-exports-while-banks-claim-it-diverted-us-400m

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