Argentina will close the year with the largest volume of beef exported in a century globally

Published 2024년 11월 5일

Tridge summary

The USDA has revised its global beef export estimates for 2024 upwards for the fourth time, projecting a 9% increase to 12.9 million tons, the highest in two decades. Brazil and Australia are the primary contributors to this increase, accounting for 678 thousand tons and 305 thousand tons respectively. The global trade increase of 932 thousand tons is largely driven by demand from China and the US. The export volume is expected to stabilize in 2025 at 12.9 million tons. Meanwhile, international beef prices have seen a stabilization with the weighted average FOB price remaining stable at US$ 5,800 per ton. In September, Brazil exported a record 251 thousand tons of beef, while Australia achieved its highest quarterly export volume of 365 thousand tons. Argentina's beef exports are also at a record high, reaching 940 thousand tons for 2024.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The recent report from the United States Department of Agriculture (USDA) has revised upwards for the fourth consecutive time its estimates on global beef exports for 2024, which it now projects at 12.9 million tons, 9% and some 900 thousand tons more than in 2023. Together with the jump recorded in 2013, this year's increase would be the most important increase in export volume worldwide in the last two decades. Of the 932 thousand tons that global demand for beef grew this year, 678 thousand were covered by Brazil and 305 thousand by Australia. Most of the rest of the exporting countries have much more modest variations in the volume shipped. Exports 2025 For 2025, the USDA projects the following ranking of exporting countries: 1st Brazil with 3.6 million tons, with a 1% increase compared to 2024. 2nd Australia, with 1.9 million tons, 2% more. 3rd India, with 1.6 million tons, 4.4% more. 4th United States, with 1.18 million tons, 12% less. 5th Argentina, with 860 thousand tons, ...
Source: Agromeat

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