Australia unstoppable: new monthly record for meat exports

Published 2024년 11월 8일

Tridge summary

The article reports that Argentina is set to exceed its 2014 maximum beef export limit of 1.28 million tons per year, with a cumulative total of 1.097 million tons in the first 10 months of the year, a 24% increase from the previous year. High slaughter levels have contributed to this increase, with the United States being the largest market for Argentine beef, accounting for 34% of total exports. There has also been a significant 66% rise in Australian beef imports by the US compared to the same period in 2023. While exports to Japan and South Korea have increased, Argentina's tariff rate in Japan has increased from 12% to 24% due to exceeding the quota with tariff benefits.

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

Original content

Although in October they were surpassed by only 50 tons for a total of 130,048, the country is on track to comfortably surpass the maximum of 1.28 million tons per year established in 2014. In the first 10 months of the year the cumulative total is 1.097 million, 24% more than last year to date, adding 215 thousand tons. With a weekly slaughter at high levels, above 142 thousand heads since October, they suggest that large export volumes will continue until the end of the year. Particularly shipments to the United States represented 34% of the total, with 45,338 tons, the second highest figure in history behind September 2014 when the American industry was going through a cycle of stock recovery and Australia placed 47 thousand tons in that market. So far this year, the 317,532 tons of Australian beef imported by the United States represent a year-on-year increase of 66%, almost 127 thousand tons more than in January-October 2023. Shipments to South Korea and Japan also increased ...

Source: Agromeat