Paraguay: Low price of beef could affect producer investments

Published 2022년 11월 14일

Tridge summary

The article highlights concerns within the Brazilian cattle farming sector over the low price of beef, which has dropped below 3 dollars per kilo carcass, significantly lower than the 3.70 dollars per kilo of the previous year. This situation is causing uncertainty and potential financial strain for farmers, leading to reduced cattle herds, fewer job opportunities, and decreased inventories. Despite a slight recovery in red meat exports in October, the sector remains hopeful for the establishment of a Meat Institute to improve the situation and secure better prices for cattle.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As explained by Marcos Pereira, president of the Consortium of Livestock Farmers for Agricultural Experimentation (CEA), the low price of beef worries the producing sector, since this could affect their investments. "We are below the 3 dollars per kilo carcass that we are receiving, last year in this period we were with 3.70 more or less and the export price of the meat was lower," he commented. The situation generates uncertainty in production because there is a lack of predictability. "Today we are in a moment of total uncertainty on the part of production, that is not positive because it directly reflects the investment made by the farmer looking to the future. The worst thing that can happen is a lack of predictability in a business,” he said. Pereira mentioned that there are contractors who work in the fields, either doing fencing or cleaning pastures that are running out of work. "It's something that really hurts a lot, to stop giving people work because they can't have ...

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