Argentina: Beef exports grew by 25.1% year-on-year in the first quarter of the year

Published 2024년 5월 6일

Tridge summary

In the first quarter of 2024, Argentine beef exports saw a significant increase of 25.1% year-on-year, totaling 163.9 thousand tons and reaching a turnover of $702.6 million, a 10.6% increase from the previous year. The majority of these exports, 74.4%, were to China. However, a slight decrease in the average price per ton, by 11.6%, was observed due to lower prices paid by Chinese buyers. Despite this, the meat processing industry experienced a slight drop in beef exports in March compared to February, though exports were still 24.3% higher year-on-year.

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Original content

Meat exports increased 25.1% year-on-year in the first quarter of the year. Photo: NA Argentine beef exports totaled 163.9 thousand tons in the first quarter of 2024, accumulating a growth of 25.1% year-on-year, according to the report prepared by the Chamber of Industry and Commerce of Meat and Meat Products of the Argentine Republic. (CICCRA). In this way, in the first three months of the current calendar, 32.9 thousand tons more were exported than in January-March 2023. In addition, the concentration of exports to the same destination increased, since sales to China went from representing 71.8% in the first quarter of 2023 to 74.4% in the first three months of the current year. The turnover from exports of frozen cuts, fresh cuts and processed meats totaled 702.6 million dollars and was 10.6% higher than that generated in the first quarter of last year (+67.1 million dollars). In this regard, the analysis considered that "this increase was entirely due to the greater quantity ...

Source: Chacra Magazine