Argentina significantly increases beef exports to Europe and Israel

Frozen Bone-In Beef

Frozen Boneless Beef

Meat

Argentina

Market & Price Trends

Published Mar 28, 2024

Tridge summary

The Consorcio ABC's report for February 2024 reveals key trends in Argentina's meat export sector, showcasing a rise in exports to the European Union and Israel, particularly in certified Kosher meat to the latter. However, there was a notable decrease in exports of chilled boneless meat to Chile by over 40%. The increase in shipments to Europe is linked to the quota 481 window for Q2 2024, while exports to China remained stable. The US market experienced a slight uptick in frozen meat imports but saw a reduction in the average price of chilled meat.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Valor Agro Argentina/ According to the latest report from Consorcio ABC for February 2024, meat shipments abroad have shown increases mainly to destinations in the European Union and Israel, in the latter case due to the authorization of the export of bone-in meat. As a summary, the document indicates that there have been low levels in historical terms for loads of chilled boneless meat destined for Chile: the 1,633 tons shipped in February fall by more than (-40%) with respect to the volumes of the months of February 2021 and 2022. Significant increase in shipments of chilled boneless meat to Europe: mainly the effect of the shipment window for the second quarter of 2024 of quota 481 is observed. As a consequence, volumes increase by more than 1,000 tons, (+29 .2%), compared to January. Shipments of certified Kosher meat, destined for Israel, remained in large volumes: in February, 1,553 tons of chilled meat and 2,189 tons of frozen meat were shipped. With total shipments of more ...

Source: Elagro