China surpasses Chile to become second largest buyer of Colombian beef

Published 2024년 11월 14일

Tridge summary

The Colombian Livestock Federation reported that Colombia's beef exports reached 3,000 tons in February 2023, with a value of 14.6 million US dollars. Russia was the main buyer, accounting for 58.6% of total beef exports. Recently, China has surpassed Chile as the second-largest buyer, with a 14.7% share of total exports. The growth in beef exports to China is partly due to a decline in Chinese beef prices and the search for higher-priced markets by suppliers like Argentina, Brazil, and Uruguay. The Colombian peso's appreciation is expected to maintain Colombian beef's competitiveness overseas, despite market uncertainties for 2024.

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

Original content

Colombian newspaper El Colombiano reported on the 12th that the Colombian Livestock Federation (Fedegán) said that the last time the monthly beef exports reached 3,000 tons was in February 2023, but the export value was only 14.6 million US dollars. Accumulated data from January to September this year showed that Russia is still the main buyer of Colombian beef. Colombia exported 9,368 tons of beef to it, with an export value of 35.6 million US dollars, accounting for about 58.6% of the total beef exports; China has surpassed Chile and become the second largest export destination for Colombian beef, with an export volume of 21 23 tons, with a transaction value of US$8.9 million, accounting for 14.7% of the total exports; Chile currently ranks third, with Colombia exporting 1,213 tons of beef to Chile, with an export value of nearly US$6 million, accounting for 9.8% of the total; followed by El Salvador, with Colombia exporting 721 tons of beef to it, with an export value of nearly ...

Source: Foodmate