China under pressure to improve what it pays for meat

Published 2024년 10월 29일

Tridge summary

The article provides an overview of the beef market at the recent SIAL Paris food fair, highlighting the stable and negotiated prices in Europe, with specific examples from Argentina and Brazil. It notes the increase in prices in China, leading to interest from Eastern Europe and North Africa. Brazil is seeking to approve more slaughter and processing facilities for beef, chicken, and pork to meet demand, particularly from China, which is the largest buyer of Brazilian meats. The global beef market has seen growth, largely shared between Brazil and Australia, with the US and China being the largest importers. However, China is sourcing less meat from the US due to high prices, indicating a shift towards other suppliers.

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

Original content

Beef is on everyone's lips, and the major European food fair could not escape this trend. Every two years, SIAL Paris brings together the main companies linked to this business. For South Americans, the last edition was a testing ground to glimpse the future of this emblematic product in the international arena. With its ups and downs, everyone came back satisfied. The Argentines who were there spoke of a positive balance, of a stable and interesting European market in terms of volume, and of negotiated prices that ranged from USD 7,200 for frozen rump destined for Italy, to USD 15,500 FOB for ribeye. It should be noted that the average price of beef exported by our country in September was around USD 4,100 due to the weight of the Chinese buyer, who takes 70% of Argentine exports. As a novelty, there were inquiries from countries in Eastern Europe and North Africa, perhaps due to the change in prices in Brazil. The professional also praised the improvement in prices driven by ...

Source: Suenaacampo