Argentina: For the third consecutive month, May marked a new decline in meat exports

Published 2024년 6월 29일

Tridge summary

Argentina experienced a decline in meat exports in May, marking the third consecutive month of decrease, with a 7.8% drop month-on-month and 16.8% year-on-year decrease. The majority of the decline was due to a decrease in exports to China, which accounted for 69.2% of Argentine beef exports in May. Despite this, the first five months of 2024 saw a 13.3% increase in exports compared to the same period in 2023, generating 1.2% more revenue. There was also a notable increase in shipments of chilled boneless meat to the EU, while shipments to Chile and Israel reached their lowest points in 2024 due to seasonality.

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

Original content

According to the Association of Argentine Exporting Producers (APEA), based on official data from INDEC, May marked a new decline in meat exports, the third consecutive. The entity indicates that Argentina exported that month, 55,300 tons of chilled and frozen beef (67,500 tons of bone equivalent), for US$ 222.6 million. In volume, the drop was 7.8% month-on-month and 16.8% year-on-year, marked especially by the decline in China. (Will it have to do with the mistreatment of the Argentine government with the Asian giant?). (Graphic: Indec/InfoGEI) It was the third consecutive month of decline since February (the month with the highest volume since 2021), and it was the month with the lowest shipments since October 2023. In volume, the drop was 7.8% month-on-month and 16.8% year-on-year , marked especially by the decline of China. However, the 314,100 tons exported so far in 2024 are 13.3% above the performance of the first 5 months of 2023. And the US$ 1,198.4 million they ...

Source: Agromeat