Argentina: Beef exports to China fell 13.7% in July

The Argentine meat market is highly dependent on Chinese purchases, which in recent years accounted for more than 70% of our country's exports. But in July that reality changed, as purchases from the Asian giant fell by almost 14% compared to June and if it had not been for an exponential increase in shipments to other countries, it would have become a very complicated problem for the industry. According to a report by the Chamber of the Meat Industry and Commerce (Ciccra), Chinese purchases from our country were reduced by 13.7% in July compared to the previous month, with some 28,665 tons of product weight (tn pp) being shipped to that destination. In this way, China's weight in total Argentine beef exports went from 70.1% in June to 60.9% in the seventh month of the year. This was accompanied by a monthly decrease of 22.3% in shipments to the United States; 10.6% to Mexico; 26.1% to Brazil; 18.7% to Italy; and 10.1% to Spain, among other destinations. The flip side However, the ...