Argentine beef exports grow but demand from China takes downward path

Published 2022년 9월 28일

Tridge summary

Argentine beef exports have experienced a overall growth of 9.4% in the first eight months of 2022 compared to the same period in 2021, with a significant 20% increase in August compared to the previous year. However, there was a 5% decrease in exports in August compared to July, largely due to a 20% drop in shipments to China, its main market. The average export price of beef fell despite a 15% increase in exports allowed by the Argentine government. Chile and the Netherlands have emerged as significant markets, with Israel ranking as the second most important destination for Argentine beef in August 2022. The Argentine Beef Exporters (ABC) Consortium is working to add value to Argentine beef, promote environmental and animal welfare, and adhere to high standards for global marketability.

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

Original content

Argentine beef exports have grown interannually but demand from China is 20% lower than in July and decreasing, with a marked downward trend in prices, according to a report from the Argentine Beef Exporters (ABC) Consortium in Buenos Aires. In the first 8 months of 2022, shipments of beef grew 9.4% compared to the same period of 2021 and almost 20% in August compared to the same month last year, but fell 5% from July, the study also revealed. On the other hand, shipments to China, Argentine beef's main destination, fell by 20% compared to July. The Argentine Government allowed 15% more exports, which might result in a positive impact at the end of this month. “In relation to August 2021, the volumes exported are 19.9% higher; while the value obtained has been 32.3% higher. The accumulated for the first 8 months of 2022 reveals that foreign sales of refrigerated and frozen beef were for 417.3 thousand tons product weight; for a value of approximately US$2450 million. Compared to ...

Source: MercoPress