Argentina's pork exports collapsed in the third quarter

Published 2021년 10월 20일

Tridge summary

Pork exports from Argentina experienced a significant decline in the third quarter of 2021, with a drop of over 80%, leading to an 8.9% cumulative decrease in the first nine months of the year. This is primarily due to a decrease in Chinese demand and a sharp drop in international prices. Despite these setbacks, domestic demand remains stable. The export volume is projected to reach 35,000 tons, which is a decrease of 7,000 tons from 2020, and the export revenue is expected to amount to around US $ 85 million, down from US $ 105 million in the previous year. The decline is largely attributed to a drop in Chinese demand and a significant decrease in international prices, exacerbated by African swine fever outbreaks in China.

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

Original content

Pork exports collapsed more than 80% during the third quarter of the year. This produced a cumulative 8.9% drop in the first nine months of 2021. This setback is due to a drop in Chinese demand and a sharp decline in international prices. The good thing is that the demand in the domestic market is maintained, specialists and exporters agreed. According to data provided by JLU Consultora, specialized in the pork sector, during July, August and September, pork exports fell by 83.23%. They did so by going from 14,033 tons in the 2020 period to 2,354 tons today. This abrupt drop caused shipments to fall from 31,891 tons exported in 2020 to 28,468 tons so far this year in the accumulated of the first nine months. This data is given even when until June the shipments of pork meat were located almost 10,000 tons above in the interannual comparison. For the pig farming consultant and former president of the Argentine Association of Swine Producers, Juan Uccelli, shipments will end in 2021 ...

Source: ARabc