Argentina: Exports increase in January and the price of shrimp falls

Frozen Common Shrimp & Prawn

Published Mar 5, 2024

Tridge summary

Argentine exports of Primary Products and Manufactures of Agricultural Origin saw a significant increase in January, totaling 3,495 million dollars, with the fishing sector accounting for 3.9% of this figure. This represents a 50.4% increase in primary product exports and a 3.1% increase in manufactured products. The fishing sector alone saw a 35.3% increase, exporting 26,041 tons worth 138 million dollars, mainly to Asia and Europe. Notably, squid sales rose by 143% compared to January 2023, with the average value of a ton being $2,438. However, sales in Thailand fell by 51% despite low prices.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The report prepared monthly by the CAPECA freezer ship chamber gives an overview of the first month of the year compared to January 2023. They point out that total Argentine exports of Primary Products and Manufactures of Agricultural Origin totaled 3,495 million dollars during the month of January , with the fishing sector representing 3.9%. These figures reflect an increase in exports of primary products of 50.4% and of 3.1% of manufactured products. For fishing, they also show positive figures, revealing an increase of 35.3% with 26,041 tons, for a total value of 138 million dollars. Of that total, 45 million correspond to the Asian market and 36 million to the European market, the main destinations for Argentine fishing products. In terms of volume, sales of hake fillet, squid and shrimp increased, although in the latter case the price drop continued to deepen for its two main products, whole and tails. Sales of common hake filet grew by 12.6% in volume and 13.9% in foreign ...

Source: Revistapuerto