Fat season: 2024 is shaping up to be a good year for Latin American meat exports

Fresh Whole Beef

Meat

United States

Market & Price Trends

Published Mar 28, 2024

Tridge summary

In the first quarter of 2024, Latin American countries, notably Brazil, Argentina, Uruguay, Paraguay, and recently Colombia, have made significant strides in beef and pork exports to major markets such as China and the United States, driven by the rising global demand for meat. Paraguay marked its first beef shipment to the U.S. in early January, while Colombia gained approval to export beef to China. Argentina has established export quotas for the Andean Community and Mercosur, and Bolivia, with a 6% increase in exports to US$ 136 million in 2023, plans to raise its meat export quota to 37,000 tons. These developments highlight the growing importance of Latin American countries in the global meat market and their efforts to meet international demand.

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

During the first quarter of 2024, important announcements have been made that will allow beef and pork from several Latin American countries to be marketed in various markets, especially those of China and the United States. And the appetite for meat - both beef and pork - is unstoppable. According to data from the United States Department of Agriculture (USDA), global beef exports in 2023 reached almost 12.1 million tons, an increase of 6% from 2019. Brazil leads as the main exporter with 3 million tons, followed by Argentina (5th place), Uruguay (9th place) and Paraguay (10th place). The most recent news on this matter came last week from Colombia, a country that is fine-tuning the final preparations to officially begin exporting beef to China, a market of more than 1.4 billion people. This after the country managed to obtain approval of the export protocol as a reliable supplier of high-quality beef. The process also included meetings between the Colombian Agricultural ...

Source: Agromeat