Argentine beef exports grow 14% until 10/24

Published Nov 29, 2024

Tridge summary

Argentina's fresh beef exports increased by 14.3% in the first 10 months of 2024 compared to the same period in 2023, reaching 641.9 thousand tons and generating nearly US$ 2.5 billion in revenue, a 7.2% increase from the previous year. However, in October 2024, there was a decrease in both volume and revenue compared to September 2024. China accounted for 73% of the total volume exported in October 2024, with the price paid by the Chinese remaining low at US$ 3,360/tonne. The average export price of chilled and frozen beef from Argentina in October 2024 was US$ 4,009 per ton, a 2.7% decrease from September 2024 but a 6.4% increase from October 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Argentina's fresh beef exports reached 641.9 thousand tons in the cumulative period from January to October 2024, an increase of 14.3% compared to the result obtained in the same period of 2023, reported the Clarín newspaper portal, based on data from the ABC Consortium (which brings together the country's largest protein exporters). In terms of revenue, shipments in the first 10 months of this year generated almost US$ 2.5 billion (exactly US$ 2,492.4 billion), 7.2% higher than the amount calculated in the same period last year. On October 24, Argentine refrigerated and frozen meat exports reached 68.4 thousand tons, with revenues of US$ 274.3 million, which meant a 5.9% drop in volume and an 8.4% drop in revenues compared to the results of September 24, highlights the ABC Consórcio report. China was responsible for 73% of the total volume exported in October/24. In the first 10 months of the year, this share rose to 73.6%. However, the price paid by the Chinese for Argentine ...
Source: Elagro

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