Argentine has reached its 29,500 tons per year quota for EU and UK

Published Jun 19, 2023

Tridge summary

The Hilton Quota 2022/23 closed with 100% compliance, selling 29,500 tons and generating US$ 310 million in foreign exchange income, the highest compliance in the last five years. Almost all the exports, 29,500 tons, were shipped to European markets, primarily Germany and the Netherlands, with the average value of high-quality boneless cuts ranging from US$10,000 to US$13,500. Despite maintaining dispatch volumes, the quota's revenue did not recover from the international beef trade's price fluctuations, with the previous period's billing reaching US$ 347 million. Argentina markets 44% of the EU's global quota, with the United States and Canada, Brazil, Australia, Uruguay, New Zealand, and Paraguay also benefiting from the quota.

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

Original content

The Hilton Quota 2022/23 closed with 100% compliance, according to the Ministry of Agriculture, with sales of 29,500 tons that generated a foreign exchange income of US$ 310 million. The agricultural portfolio highlighted that this is the highest compliance in the last five years. In the case of the previous cycle, there was a remnant of 1,288 tons that could not be marketed. According to the survey carried out by the Undersecretary of Agricultural Markets, less than two weeks after the end of the 2022/2023 commercial cycle, Argentine exported 29,389 tons to the European market, which added to the additional 111 destined for the United Kingdom, total 29,500. tons of the aforementioned quota. The average value of the high-quality boneless cuts that make up the fee ranged from US$10,000 to US$13,500, depending on the composition of the cuts. The main destinations were Germany and the Netherlands, followed by Italy and Spain. The peak in Hilton prices was recorded at the beginning of ...

Source: EuroMeat