Argentine beef exports are down for three consecutive months, with prices drop by 20% since April

게시됨 2022년 12월 17일

Tridge 요약

Argentinian beef exports experienced a decline in October 2022, marking the third consecutive month of decrease, with a 3% drop in volume and a 10.4% decrease in revenue compared to September. The total exported volume fell by 11.6% from its peak in July, and the average price per ton of beef sold by exporters was 10.4% lower than in September. China, a significant market, paid an average of US$ 4,252 per ton, down 8.7% from October, and Europe paid 29% less on average between April and October. The Argentine meatpacking industry exported US$ 265.8 in October, a 13.2% decrease from September. The decline in beef demand from China, coupled with a significant drop in prices in the European and Chilean markets, along with increasing inflation, has impacted the industry and cattle prices.

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원본 콘텐츠

During October 2022, beef exports from Argentina fell for the third month running, dropping 3% in volume month-on-month, with sales revenue down 10.4%, according to Argentina’s Chamber of Meat Industry and Commerce (CICCRA). So far exported volume dropped by 11.6% from the ceiling hit in July, whereas the price fell by 20% from the highest point in April. In the tenth month of the year, the average price paid for each ton of beef sold by exporters was US$ 5,031 a ton, 10.4% below September values. On the other hand, China paid an average of US$ 4,252 per ton, down 8.7% less than in the previous month and 17.7% below May. A similar scenario was experienced in Europe, which paid an average price 29% lower between April and October. On sales to US and Chile, since February prices dropped 31.4% and 15.0%, respectively. The Argentine meatpacking industry overall exported US$ 265.8 during October, 13.2% less than in September. In the rich pastures Cañuelas region, cattle prices have ...

출처: MercoPress