Meat World Cup for Argentina: China leads and Chile plays semifinals with Germany

Argentina, without a doubt, is a big player in the international meat market, not so much for volume but for the quality of its cuts. Thanks to this, it manages to get European countries to pay up to $10,200 per ton for premium cuts, which are part of the so-called Hilton Quota. This is a quota of 29,500 tons that enter the European Union with preferential tariffs, in a period from July 1 to June 30, 2023. Certainly, these quality cuts are a Mecca for beef exporters, due to the prices paid and the virtually assured market, despite the fact that just a year ago up to $14,000 per ton was paid for these cuts. But in terms of volume, for Argentina the World Cup of meat, and the core of the meat business is played in the Far East. It is that China demands three out of every four tons exported by the country. According to data from the Institute for the Promotion of Argentine Beef (IPCVA), in September (last data collected), 46,000 tons of beef product weight were shipped, and more than ...