Argentina: Worrying acceleration of pork imports

Published 2024년 10월 14일

Tridge summary

Pork imports in Argentina have surged by 194% year-on-year in the last month, reaching 2,206 tons, and by 44% in the first nine months of 2024, totaling 7,841 tons. The third quarter saw a 50% increase in imports compared to the same period in the previous year. The market is becoming increasingly complex for local producers due to high local production levels, rising imports, and stagnant pork exports. Over 95% of pork imports are from Brazil, with the rest from Chile. The price differential between Brazilian and locally produced pork is significant. Additionally, pork exports in September recovered, with a volume of 1,625 tons, a 21% increase from August and a 92% increase from September of the previous year. However, the trade balance for pork is highly negative for Argentina.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pork imports have taken a very important leap in recent months. The local market is complicated. Pork imports reached 2,206 tons last month, a volume that reflects a growth of around 194% compared to the same period of the previous year. However, when the purchases of this product in the first nine months of 2024 are computed, the figures reach 7,841 tons, around 44% less when compared to the consolidated values of the first nine months of last year. As reflected in the attached graph, a significant acceleration of imports has been observed in recent months. Without going any further, during the third quarter of the year (July-September) Argentine purchases of this product from abroad reached 3,565 tons, 50% more than in the same period of the previous year. This is reflected in a recent study prepared by JLU Consultora, whose owner, Juan Luis Uccelli, pointed out that “during the month of September, imports rose by 131% compared to August; the truth is that it was lower than we ...

Source: Defrentealcampo