China improved its values and exports from Argentina increased 40.3% in dollars

Published 2022년 8월 4일

Tridge summary

In the first half of 2022, the Chinese market has emerged as a key destination for Argentine beef, with a 1.9% increase in volume exported compared to the same period last year, totaling 426,000 tons. The value of these exports saw a significant increase of 40.3% from the previous year, reaching US$ 1,766 million, largely due to a rise in the average price per ton from US$4,217 to US$5,892. China accounted for 76.7% of Argentina's beef exports, making it the primary market, while isolating Israel and Germany in second place. The relaxation of export quotas, as seen with the recent Hilton Quota, has had a positive effect on the industry, notably increasing prices for bulls and cows by 6.2% and 7.7% respectively. This surge in demand, especially for canned beef, has been attributed to the government's decision to limit certain cow cuts for export, thereby stimulating domestic demand.

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

Original content

In the first half of the year, the Chinese market ratified its position as an exclusive destination for Argentine beef, based on the recomposition of the price per ton exported. Between January and June, the meatpacking industry shipped 426,000 tons, according to the Chamber of Industry and Commerce of Meat and Derivatives (Ciccra). In volume, it is 1.9% higher than the same period last year. The positive data for this chain came from the billing side. For these sales, foreign currency entered for US$ 1,766 million, which represented a year-on-year increase of 40.3%. According to the entity, the average price of a ton destined for the Asian giant went from US$4,217 to US$5,892. In June alone, exports were for US$334.5 million, an improvement of 101.8% compared to the same month last year. In the year-on-year comparison, the quota that the national government implemented in April 2021 on beef exports weighs. China concentrated 76.7% of foreign sales of Argentine meat. The podium ...

Source: ARInfocampo