Argentina: August marked a monthly export record with almost 70,000 tons

Published Sep 26, 2024

Tridge summary

Argentina's exports of fresh and frozen beef in August saw a significant increase of 23.1% compared to July and 4.3% year-on-year, totaling 69,784 tons. This surge is attributed to the highest cattle slaughter month since July 2023, with 1.25 million heads. Factors such as reduced domestic demand and the removal of export barriers, including a decrease in the beef export tax from 9% to 6.75% starting July 2023, have contributed to a favorable export balance. The August 2024 beef exports were valued at US$265.0 million, showing a 15.9% increase from July and a 2.7% increase from the same period in the previous year.

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

Original content

Faxcarne/ Exports of fresh and frozen beef in August totaled 69,784 tons of product weight (97,350 tons of bone-in carcass equivalent), 23.1% more than the previous month and 4.3% above August 2023, according to data from Indec. The jump in August exports corresponds to an increase in cattle slaughter in July, which reached 1.25 million heads, the highest monthly amount since July 2023. In turn, the weakened demand of the domestic market and the removal of export barriers (to which was added, starting in July, the reduction of the tax on beef exports, ...

Source: Elagro