Argentina: Alarm in beef exports due to the persistent downward trend in international prices

Published 2022년 12월 23일

Tridge summary

The article highlights a decrease in international bovine meat prices, with a 16.9% drop in November, raising concerns for Argentine meat exporters. Despite concerns, the first eleven months of 2021 saw a 10.8% increase in export volumes and a 28.5% increase in value achieved. China is the main buyer, accounting for 82.1% of the beef exported in October. However, the dairy sector is facing a crisis, with the small and medium-sized dairy associations urging the government to address the issue. Despite the meat export sector's record dairy exports, it experienced a 2.2% decrease in volumes and an 18.7% drop in value in November compared to October. The average price of boneless meat sales to China in November was $4,121 per ton, marking a significant decrease from the peak in May.

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Original content

The deterioration suffered by international bovine meat prices at the end of this year puts the country's exporting refrigerators on alert. Last November, the average export price of refrigerated and frozen beef registered a monthly decrease of 16.9%. This was reflected in the latest report from the Consortium of Argentine Meat Exporters, better known as the ABC Consortium and which brings together the large exporting refrigerators. Drought: in December shipments of wheat reflect a drop of 66% and the rate of entry of trucks to the ports is limited These are data from the Rosario Stock Exchange. Between what has already been shipped and what is scheduled to be shipped, 540,000 tons of wheat would be dispatched this month. This type of issue keeps the export sector on alert, since as indicated by the aforementioned entity in a statement, "the downward trend in meat prices persists in the main destinations for Argentine meat from last May onwards ". In addition, the survey ...

Source: Portaldelcampo