Russia is ceasing to be an export alternative for Paraguay

Published 2023년 2월 15일

Tridge summary

In January 2023, Russia's political changes led to a decrease in its beef imports from Paraguay, dropping it to the fourth largest market, following Brazil and Taiwan. This decline is part of Russia's self-sufficiency policy and is further exacerbated by the war with Ukraine and Western sanctions. The number of Paraguayan meat processing plants approved to export to Russia has also decreased, from six in January 2022 to one in January 2023. As a result, the Paraguayan meat industry is looking to the United States and Canada as potential new markets.

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

Original content

Unlike previous years, Russia ranked in January as the fourth largest market for Paraguayan beef, a fact that was expected to come and did not surprise the national meat complex as a result of a series of events, mainly political, that were generating major changes in the country led by Vladimir Putin. The Russian market had been the second largest destination for Paraguayan beef, only behind Chile. However, the latest official data from the National Animal Health and Quality Service (Senacsa) show that in January, it was Brazil that finished in second position with a 15% share; followed by Taiwan with 10% and Russia with 7% of total exports for the month. For some years Russia has tried to establish a self-sufficiency policy for beef, which implied gradually lowering the levels of purchases abroad. Information from Senacsa shows that in January 2020 the Eurasian country accounted for 21% of Paraguayan beef cut exports, in 2021 it represented 19%, in 2022 it was 15% and in January ...

Source: Elagro