Argentine meat exports grew in January, driven by Chinese demand but low prices

Published 2023년 3월 6일

Tridge summary

Argentine beef exports experienced a 3.5% increase in volume and 7.9% increase in value in January compared to the previous month, largely due to increased demand from China. Exports of refrigerated and frozen beef reached nearly 50.4 thousand tons with a value of US$ 206.4 million. Compared to January 2022, volumes exported were up 30.9%, but the value was 4.1% lower. The average price per ton was US$ 4,097 in January 2023, a 4.3% increase from December 2022 and 26.7% lower than January 2022. China was the main export destination, receiving 74.8% of the total volumes. There was a persistent downward trend in prices in the main destinations since May, reaching minimums in December 2022.

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Original content

Argentine beef exports registered an increase of 3.5% in volume and 7.9% in value in January, compared to December, particularly due to the impact of increased demand from the Chinese market, reported the ABC Exporters Consortium. , for its acronym in English. In the first month of the year, sales abroad of refrigerated and frozen beef reached a volume close to 50.4 thousand tons by product weight for a value of the order of US$ 206.4 million, ABC specified. Compared to January 2022, the volumes exported are 30.9% higher, while the value obtained was 4.1% lower. The average price was US$ 4,097 per ton last January; value 4.3% higher than that obtained in December 2022 and 26.7% lower than the average price of January 2022, which had been US$ 5,590 per ton. In recent months, there has been a “persistent downward trend” in prices in the main destinations, from May onwards, reaching minimums in December 2022, with US$3,928 per ton. The average US$4,097 per ton obtained in ...

Source: Portaldelcampo