Argentina: Despite deregulation, meat exports fall again

Published 2024년 6월 26일

Tridge summary

Argentine beef exports hit a record high last year, surpassing a century-old mark to reach 924,000 tons. The growth continued into the first quarter, with a 24% increase in volume and an 11.1% increase in value compared to the same period in the previous year. However, there was a decline in exports in the later months compared to May 2023. Europe emerged as the second largest market after China. The report also highlighted a significant increase in chilled boneless meat shipments to Europe and a decrease in shipments to Israel due to harvest delays. There was also a notable increase in frozen meat exports to the United States, consolidating it as the third largest market. The average price showed moderate fluctuations for chilled products and moderate increases for frozen products.

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

Original content

Last year, Argentine beef exports reached a record volume that exceeded the 924,000 tons placed in the world in 1924. Europe was the second most relevant destination of the month, behind China. That is, they surpassed a record that stood for a century after the elimination of the obstacles implemented by Alberto Fernández's government, such as managed control and the prohibition of exporting seven popular cuts, among others. The same thing happened during the first quarter, when exports grew in volume by almost 24% compared to the same period of the previous year and the value obtained was 11.1% higher compared to 2023. There were 195,400 tons of product weight for US$735. .7 million with China as the largest destination with 78.6% of the total. However, if the results of the first semester are taken into account and that sales abroad reached 55,300 tons by product weight, there is a drop of 7.8% or US$222.6 million compared to last April. Likewise, if the figure is compared to ...

Source: Agromeat