News

Beef exports are in the doldrums at the end of the year in Argentina

Frozen Bone-In Beef
Argentina
Published Dec 17, 2021

Tridge summary

Beef exports contracted during October 2021, both in comparison with September and in the year-on-year comparison. Meanwhile, they held 14.1% above the floor forced by the national government during June and July. In the tenth month of the year, 41,700 tons pp of beef were sent abroad. In relation to September, a fall of 25.1% was observed and compared to October 2020 the contraction was 30.9%.

Original content

Beef exports contracted during October 2021, both in the comparison with September and in the year-on-year comparison. Meanwhile, they held 14.1% above the floor forced by the national government during June and July. In the tenth month of the year, 41,700 tons pp of beef were sent abroad. In relation to September, a fall of 25.1% was observed and compared to October 2020 the contraction was 30.9%. As shipments to China fell at a slower rate than the general total, last October its share recovered significantly, reaching 72.8% of the total. The turnover for beef exports was 241.2 million dollars in October, that is, 23.9% less than in the previous month. The recovery of the declared average price very partially moderated the impact of the drop in export volume (+ 2.2% vs. -25.1%). In the year-on-year comparison, revenues decreased only 0.8%, as the rebound in the average declared price almost fully offset the drop in the quantity of exported beef (+ 46.6% vs. -30.9%). The average ...
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