Argentina's beef exports fell for the fourth consecutive month

Published Sep 8, 2024

Tridge summary

The Argentine meat industry is experiencing a downturn, as reported by the Chamber of Industry and Commerce of Meat and Derivatives of the Argentine Republic (Ciccra), with foreign sales dropping 6% in July alone and marking the fourth consecutive month of decline. This is due to a decrease in demand from the main markets, led by China, which has significantly reduced its imports of Argentine beef. While other countries such as Israel, Chile, and Germany have helped offset some losses, the overall trend remains negative. Additionally, the average price per ton exported in July improved slightly monthly but fell by 25% year-on-year, contributing to a substantial decrease in export revenues.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the monthly economic report of the Chamber of Industry and Commerce of Meat and Derivatives of the Argentine Republic (Ciccra), foreign sales reached a total of 471 thousand tons of product weight (tn pp), 6% less than in June, thus adding the fourth drop in five consecutive months. This decline is part of a negative trend that has affected the Argentine meat industry, after an irregular performance in the previous months. Between May and July 2024, exports remained at levels similar to the monthly average of the previous year, but with fluctuations that show the volatility of the sector. Despite this behavior, the volumes exported in July show a significant drop compared to previous months, reflecting a slowdown in demand from the main markets. In year-on-year terms, beef exports also showed a notable decline. The total exported in July 2024 was 13.9% lower than that recorded in the same month of the previous year, which represents a considerable loss in the volume ...
Source: Agromeat
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