Farm prices in the Argentine market began to suffer the downward impact of the May

Published 2023년 3월 2일

Tridge summary

Due to the temporary suspension of Brazilian beef exports to China due to a 'mad cow' case, Uruguay is poised to benefit, while Argentina's poultry industry faces challenges from avian influenza and inflation. The General Index of the Cañuelas Agricultural and Livestock Market (IGMAG) reflects these challenges. Authorities are negotiating with major buyers of Argentine poultry meat to resume shipments promptly, though full recovery is not expected for at least two months. The additional poultry meat supply is aiding in inflation control, a situation worsened by monetary issue. In Uruguay, farm prices are recovering, with demand remaining fluid and water restriction impacting the supply of cows. The Uruguayan government is considering suspending the collection of certain taxes and delaying the payment of rural insurance expiration to address financial challenges faced by the agricultural sector.

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

Original content

Just a few days ago, a commercial opportunity for Argentina and Uruguay opened up in the short term with the temporary suspension of Brazilian beef exports to China due to the detection of a sporadic case of “mad cow”. However, while Uruguay was able to take advantage of that event, Argentina was left with the “ñata against the glass” since the rapid spread of H5 avian influenza complicated everything. The General Index of the Cañuelas Agricultural and Livestock Market (IGMAG) was located at 355.2 and 360.9 on Tuesday and Wednesday of this week, while on February 17 it had reached a maximum of 407.9. The additional supply of poultry meat, as a result of the closure of exports prompted by the detection of an H5 avian influenza outbreak in a commercial poultry farm, represents a clear bearish factor in a domestic market where the impoverishment of consumers affected by accelerating inflation prevails. . Within this framework, some winterizers and feedlots rushed to sell given the ...

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