Argentine beef exports grew 30.5% in value and contributed more than US$ 1,000 million
Frozen Bone-In Beef
Argentina
Published May 24, 2022
Tridge summary
The Nation (GDA) | Beef exports from Argentina had a strong jump in value in the first four months of the year and contributed US$1,078.3 million to the country, 30.5% more than in the same period in 2021. This was revealed by a report from the Institute for the Promotion of Argentine Beef (Ipcva). The growth of exports in value was achieved by better international prices and despite the fact that foreign sales fell in volume.
Original content
According to the report, in the first four months of 2021 the FOB price was US$4,161 per ton. Meanwhile, between January and April 2022 it was US$5,841 per ton, an additional 40.4%. If the comparison is made between April 2021 and April 2022, here we can see an average price jump of 54.6%, from $4,072 per tonne to $6,296 per tonne. Specifically, the Ipcva detailed about April: “The average FOB price per ton for the period in question was approximately US$11,300 for chilled boneless cuts; and close to US$6,000 for boneless frozen cuts. These prices have been significantly higher (+56.9%) than those registered during the fourth month of 2021 for chilled cuts; and they were (+41.8%) higher than those of April 2021 in the case of frozen cuts. The average price of April 2022 increases moderately to significantly compared to March (+9.4%) and increases significantly compared to April 2021, (+54.6%)”. In addition, the agency evaluated the behavior of prices based on the markets to which ...
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