Beef: China's retraction reignites debate on market diversification

Argentine beef exports recorded an unusual decline in November, a time of year traditionally characterized by increased commercial activity. According to official data from INDEC, shipments totaled 64,477 tons of product weight, which represented a 5.4% drop from October, accompanied by a 2.7% reduction in the average export value. The contraction is not minor when considering that November usually coincides with an intensification of purchases by China. However, it was precisely this destination that explained more than 90% of the volume given up during the month. Argentine beef exports recorded an unusual decline in November Shipments to the Asian giant reached 46,180 tons, which represented a drop of more than 3,400 tons compared to October (-9.3%) and 7,500 tons compared to November of last year (-14%), in addition to a slight downward correction in prices. China, the dominant factor and its multiplier effect Preliminary data for December, prepared based on the daily pace of ...