Israel sustains bullish beef prices

The fifth most important market for national red protein paid USD 6,466 on average for each ton of this product, that is, a jump of USD 707 (12.3%) compared to the first ten months of 2021, when this country paid USD 5759 a ton. Chile and Russia, the first and second largest meat destinations, however, have been dropping their share, according to Senacsa records. This motivated the increase in income by 4%, since exports to this destination generated USD 91.6 million, that is, USD 3.3 million more than USD 88.3 million registered in the same period of 2021. The improvement in the price offset the 8% drop in the volume exported to Israel until October, equivalent to 1,171 tons of beef. By the tenth month Paraguay exported 14,168 tons, while in the same period of 2021 shipments reached 15,339 tons. Until the last month, Israel's participation as a destination for Paraguayan meat was 6% in terms of FOB value, which allowed it to position itself as the fifth most important market. ...