# Argentine soy giant Vicentin suspends crushing amid debt crisis - sources | Financial Post

> Argentine soy crusher Vicentin has halted crushing at its three main plants, which have combined daily capacity of about 40,000 tonnes, as it restructures debt after defaulting earlier in December. Sources say the company is not producing and debt talks are being handled at the highest level with little disclosure.

- Date: 2019-12-13 · published 2019-12-13T12:00:00.000Z
- Category: logistics · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/55421-argentine-soy-giant-vicentin-suspends-crushing-amid-debt-crisis-sources
- 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

Argentina is the world's largest exporter of soymeal and soyoil, so a sustained crush halt removes meal and oil supply and could tighten global feed protein and edible oil markets, supporting prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-04-24 | [Argentine transporters strike, threatening grains shipments \| Financial Post](https://feedsoft.ai/events/13971-argentine-transporters-strike-threatening-grains-shipments-financial-post.md) | -1.9% | -7.8% |
| SBM | 2020-09-27 | [Argentine grains port workers to strike after talks collapse \| Financial Post](https://feedsoft.ai/events/51122-argentine-grains-port-workers-to-strike-after-talks-collapse-financial-post.md) | +3.7% | +14.7% |
| SBM | 2018-07-25 | [Report: Bunge to shutter Argentine soy crushing plant \| World-grain.com \| July 25, 2018 13:55 \| World Grain](https://feedsoft.ai/events/63873-report-bunge-to-shutter-argentine-soy-crushing-plant-world-grain-com-july-25.md) | +3.7% | -1.2% |
| SBM | 2021-02-03 | [Corn extends losses; Chinese demand keeps prices near 2013 peak \| Financial Post](https://feedsoft.ai/events/5828-corn-extends-losses-chinese-demand-keeps-prices-near-2013-peak-financial-post.md) | +1.9% | -1.7% |
| SBM | 2024-05-09 | [Argentine grains ports and crushing plants idled due to general strike - DatamarNews](https://feedsoft.ai/events/13924-argentine-grains-ports-and-crushing-plants-idled-due-to-general-strike.md) | -1.2% | -4.9% |
| SBO | 2023-04-24 | [Argentine transporters strike, threatening grains shipments \| Financial Post](https://feedsoft.ai/events/13971-argentine-transporters-strike-threatening-grains-shipments-financial-post.md) | -1.4% | -12.4% |
| SBO | 2018-07-25 | [Report: Bunge to shutter Argentine soy crushing plant \| World-grain.com \| July 25, 2018 13:55 \| World Grain](https://feedsoft.ai/events/63873-report-bunge-to-shutter-argentine-soy-crushing-plant-world-grain-com-july-25.md) | +1.7% | +1.2% |
| SBO | 2024-05-09 | [Argentine grains ports and crushing plants idled due to general strike - DatamarNews](https://feedsoft.ai/events/13924-argentine-grains-ports-and-crushing-plants-idled-due-to-general-strike.md) | +2.4% | +4.3% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/argentine-soy-giant-vicentin-suspends-crushing-amid-debt-crisis-sources

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