Argentine pig sector in October: Complex exports and trade balance

Published 2024년 11월 5일

Tridge summary

In October 2024, the Argentine pork sector continued to export despite low prices, with pork accounting for 35% of exports and by-products making up the rest. However, the overall average income remained low at USD 816 per ton. On the other hand, pork imports surged to 3,305 tons, driving up the average price of imported pork to USD 2,770 per ton, three times the average export value, and contributing to a negative trade balance. This situation occurs amidst a market already saturated with various meats, including beef, chicken, and pork, and continues to result in a consistent flow of dollars leaving the country.

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

Original content

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 ...

Source: Infopork