As beef prices calmed in Argentina, pork prices soared, which is hardly exported

Published 2021년 9월 6일

Tridge summary

The article reports a significant surge in the price of capon in Argentina, with a 22% increase this week to 150 pesos per live kilo, which is over 80% higher than last year's prices. This rise in pork prices is puzzling, given the increased supply due to higher production and reduced exports, which should have led to lower prices. However, the demand for pork has risen, especially in the HoReCa channel, due to the easing of social restrictions and the advancement of Covid-19 vaccinations. Despite the higher beef prices, the pork margin has recovered, reaching over 20% in August. However, the final prices in butcher shops have not yet reflected this increase, and it remains to be seen how retailers will adjust to these new prices.

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

Original content

The prices of capon (the pig of the ideal age for its slaughter) once again had a new and more important improvement in their prices. According to private reports, this week operations are being closed at 150 pesos per live kilo, which means an increase of 22% compared to the prices that existed a month ago and that are "more than 80% higher than those of a year ago. ”, According to Juan Uccelli, an analyst of the pig sector. The rise draws attention because there are variables that indicate that the opposite should be happening. Exports fell in a context where imports and production increased. That should push stocks lower, but the opposite is happening. This year the slaughter and production of pork increased 8% and imports reached 19,000 tons, which implies a significant increase in the supply of pork in the local market. This was helped by the fact that exports fell 67% in July, according to data from the Ministry of Agriculture. Uccelli added that foreign sales fell another ...

Source: Bichos de campo