The Argentine beef export volume fell by 14%

Published Nov 7, 2023

Tridge summary

Argentine beef exports experienced a significant decline of 14% in September 2023 compared to the previous month, marking the first drop in exports that year. This decline in exports was influenced by both lower international prices and a decrease in volume, with shipments to China, the United States, and Israel being particularly affected. The average price of exported beef also fell by 34.9% compared to September 2022.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Argentine beef exports recorded their first drop in 2023, collapsing 14% in September compared to the previous month. Over the course of 2023, exports of the sector maintained a dynamic characterized by two variables: an increase in the volumes shipped and a drop in the price of the exported ton, driven by the low prices paid by China. But starting in September, industry statistics made it possible to visualize the modification of this trend, in which in addition to lower international prices, exports also began to show a decline in volume. According to a report from the Chamber of Industry and Commerce of Meat and Derivatives of the Argentine Republic (Ciccra), in September 2023 the amount of beef exported was equivalent to 78,870 tons of bone-in beef, which represented a drop 14% compared to the immediately previous month. In turn, the average price fell 34.9% compared to September 2022, reaching US$ 2,523 per ton. On the other hand, exports of boneless meat totaled 49,400 tons ...
Source: Agromeat

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