Argentine beef exports are down for three consecutive months, with prices drop by 20% since April

During October 2022, beef exports from Argentina fell for the third month running, dropping 3% in volume month-on-month, with sales revenue down 10.4%, according to Argentina’s Chamber of Meat Industry and Commerce (CICCRA). So far exported volume dropped by 11.6% from the ceiling hit in July, whereas the price fell by 20% from the highest point in April. In the tenth month of the year, the average price paid for each ton of beef sold by exporters was US$ 5,031 a ton, 10.4% below September values. On the other hand, China paid an average of US$ 4,252 per ton, down 8.7% less than in the previous month and 17.7% below May. A similar scenario was experienced in Europe, which paid an average price 29% lower between April and October. On sales to US and Chile, since February prices dropped 31.4% and 15.0%, respectively. The Argentine meatpacking industry overall exported US$ 265.8 during October, 13.2% less than in September. In the rich pastures Cañuelas region, cattle prices have ...