By Hugh Bronstein and Maximilian Heath
By Hugh Bronstein and Maximilian Heath
BUENOS AIRES, Dec 13 (Reuters) – Argentine soy crushing large Vicentin has halted most of its operations as the corporate battles to restructure its debt after defaulting earlier this month, three business sources with direct data of the scenario instructed Reuters.
The manufacturing points have an effect on crushing at Vicentin’s wholly owned processing vegetation and threaten to ripple via world markets and hit home provide of edible oils.
Vicentin, based in 1929, is Argentina’s prime exporter of processed soy and an iconic model within the South American grains powerhouse. Argentina is the world’s No. 1 provider of soymeal livestock feed and soyoil.
“Vicentin is presently not producing. They don’t seem to be crushing,” one of many sources near the corporate mentioned, including that there was a blackout of detailed details about the debt restructuring talks.
“These negotiations are being carried out by only a few…