Argentine pig sector in October: Complex exports and trade balance

In October 2024, the Argentine pork sector continued its export operations despite facing low prices that, in some cases, led to losses. According to customs data, 35% of exports correspond to pork, while the rest are by-products. However, the overall average income remains low, reaching only USD 816 per ton. In contrast, pork imports increased again, totaling 3,305 tons. Among the most imported cuts are pork shoulder and sirloin, along with other bone-in pieces. This trend brings the average price of the imported ton to about USD 2,770, that is, three times the average value of exports, which contributes to maintaining a negative trade balance in terms of volume and value. Since May 2022, such a high level of imports has not been ...