In 2023, export meat prices in Argentina would be between 30 and 40 percent lower

In the second half of the year, there was a sharp drop in prices in the main export meat destinations, modeling a challenging context for the industry during 2023. “The biggest challenge that the beef export industry will face next year it will be that of competitiveness," said Mario Ravettino, president of the Consortium of Argentine Meat Exporters (ABC). Gone in time are the record values of more than US$ 17,000 per ton paid by European importers in the middle of the first half of 2022; Nor will it be possible to think again, in the short and medium term, of hocks and shanks for more than US$8,500 or of cow quarters at US$6,500 per ton. It is that, for Mario Ravettino, "the reality for the first months of next year provides us with prices between 30% and 40% lower," he remarked. As he explained, during the months of high prices in the Chinese market, the traditional refrigeration industry had to face competition from operators without a plant that enter the business when prices ...