Export prices of Argentine meat continue to fall

Published 2022년 11월 2일

Tridge summary

Argentine beef exports in September saw a decline of 2% in volume and 5.4% in revenue compared to the same month in 2021, largely due to lower purchases from the European Union, Israel, Chile, and the United States, as well as a drop in international prices. Despite this, the first nine months of 2022 still showed positive results with a 9.4% increase in volume and a 36.2% increase in revenue, largely due to increased exports to China. However, the outlook for the latter half of 2022 and 2023 is uncertain due to economic challenges in China and Europe, the war in Ukraine, and the strength of the dollar, with the USDA projecting a decrease in China's beef imports by 10% in 2023 and increased competition from Brazil.

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

Original content

September data on beef exports from Argentina fell 2% in volume and 5.4% in revenue compared to the same month in 2021. The drop in sales is due to lower purchases from various destinations, as well as the decrease in international prices. A report prepared by the Consortium of Meat Exporters (ABC) of Argentina cited by Portal Portuario revealed that the volume of meat exports fell 5.3% in September compared to August, as well as a 10.2% reduction in the level of billing. In the ninth month of 2022, the volume of exported meat was 54,400 tons for a total of USD 300 million. Compared to the same month in 2021, the drop was -2% in volume and -5.4% in revenue. These drops are due to lower shipments to the European Union (EU), Israel, Chile and the United States, added to a general drop in international prices. However, the accumulated figure for the first nine months continues to show positive results in both items, with 674,700 tons (+9.4%) and USD 2,753 million (+36.2%). (Read: The ...

Source: MXContexto