Argentina: Meat exports, China in the center of the scene

Published 2023년 3월 27일

Tridge summary

Argentina has shipped 73,000 tons of bone-in beef to China in March, the same as January, defying the usual low shipment levels in the first two months of the year. China's beef import needs are expected to reach a record 3.5 million tons this year, up 22% from last year, due to African Swine Fever leading to a shift in diet towards animal protein. However, the disease has led to an oversupply of pork, causing a drop in pork prices and affecting other animal protein prices, including beef. Argentina's beef exports could face challenges due to the oversupply of domestic pork and the potential for reduced pork production from ASF, which could force the market to compensate with increased meat imports, potentially increasing beef prices.

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

Original content

A total of 73 thousand equivalent tons of bone-in beef were shipped in the month, a volume similar to that registered in January, which had also been high for the time of year. Usually the first two months of the year are not periods of high level of shipments for Argentina. This responds to the high concentration of sales to China, a country that during this time is not usually very active in the market as a result of the commercial impasse that is generated during the Lunar New Year festivities, which take place between mid-January and early January. February of each year. However, this year China continued to buy at a very sustained pace during both months. The output data from Argentina show purchases of about 55 thousand tons per month (carcass equivalent), 22% more than what was registered on the same date last year. Clearly, China's beef supply needs are growing. According to the latest projections from the United States Department of Agriculture (USDA), the need to import ...

Source: On24