Kuwait increased the price paid for Paraguayan meat by 50%

Published 2021년 9월 20일

Tridge summary

In the period from January to August of 2021, Kuwait emerged as the fifth best paying market for Paraguayan beef, with a significant increase in the implicit price of meat exported to the country, leading to an income of USD 17.9 million despite a 22% decrease in volume of red meat protein shipped. This situation is part of a broader trend of increased implicit meat prices worldwide, with notable growth seen in Brazil, Chile, Egypt, Russia, Taiwan, and Israel, alongside a 39% rise in volume and 65% increase in value of Paraguayan beef exports, reaching 273.1 thousand tons valued at USD 118.5 million.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the end of August 2021, Kuwait was positioned as the fifth destination that paid the best for domestic beef (4,634 USD / ton), a year-on-year growth of 50.2%, compared to what was registered between January and August of last year . This market had the highest price increase of the main destinations of the national product. Ahead of Kuwait were Italy ($ 6,690 / ton), Israel ($ 5,638 / ton), Taiwan ($ 5,231 / ton) and Chile ($ 5,081 / ton) as the destinations that paid the best for domestic meat. Although shipments to Kuwait decreased in this period, the better price of the national product allowed an income of USD 17.9 million, USD 2.6 million more than the figure generated at the end of the eighth month of 2020, when USD 15 was generated. ,3 millions. In terms of volume, shipments of Paraguayan red protein to Kuwait suffered a decrease of 22%. During the first eight months of this year, 3.9 thousand tons were exported, while between January and August of the previous year, 4.9 ...
Source: Productivacm

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