Molinos Agro and ACA invest US$500 million in soybean plant

Molinos Agro and the Asociación de Cooperativas Argentinas (ACA) have announced a joint investment exceeding US$500 million to construct a new soybean milling plant in Timbúes, Santa Fe. The project, in which Molinos Agro will hold a 65% stake and ACA will hold 35%, is designed to process 15,000 tons of soybeans per day. The facility will include infrastructure for storing soybeans, meal, and oil, utilizing existing port connections in the Gran Rosario agro-export corridor.

This industrial expansion comes amid a shifting regulatory landscape in Argentina. The government has introduced a schedule to progressively reduce the gap between export duties (retenciones) applied to soybeans compared to other crops like corn and wheat. Analysts suggest this reduction in the “anti-soy bias” provides greater predictability for the sector, with the goal of narrowing the differential between soybean and corn duties to less than 10 percentage points by the end of 2028. This new investment is seen as a direct response to these more stable economic rules.