Argentina: Despite the fall in international meat prices, exports still show favorable numbers

Published Nov 24, 2022

Tridge summary

Despite a decrease in beef export prices, the Argentine beef industry has seen a 10% increase in volume and a 33.6% increase in revenue in the first ten months of the year, reaching 751,844 tons worth US$ 3,024 million. This performance was noted even amid a decline in shipments to the main destinations in the last six months. The average export price in October was US$ 5,026 per ton, which is US$ 1,300 lower than the peak in April. China remains the largest market, contributing 76.5% of the export volumes, although there has been a drop in the price per ton. The European market is also facing a similar situation due to a decrease in the price of the Hilton Quota. However, giblets and beef preparations have performed well, with sales reaching 99.5 thousand tons, valued at US$ 198.9 million, at an average export price of around US$1,800 per ton.

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

Original content

In a scenario of retraction in beef export prices, this value chain still maintains a positive balance in foreign trade. According to the ABC Meat Export Consortium, in the first ten months of the year, shipments grew 10% in volume and 33.6% in billing. According to the entity, in that period 751,844 tons were dispatched, for a value of US$ 3,024 million. These figures were generated despite the fact that in the last six months there was a downward trend in shipments made to the main destinations. LOOK: Another achievement of Argentine meat: after 20 years, it returns to Mexico The average US$ 5,026 per ton obtained in the month of October is US$ 1,300 per ton below the maximum registered in the month of April, according to estimates by exporters. This value was 8.4% lower than that obtained in September and 13% lower than the average price of October 2021, which had been US$ 5,776. If the figures for last month are compared, sales in October grew by 25.5% year-on-year in volume ...

Source: ARInfocampo