Meat exports in Argentina: What can be expected by 2024?

Published 2024년 2월 12일

Tridge summary

Argentina's beef exports face challenges despite a record volume of shipments in 2023, as lower export prices to China and falling international prices have led to decreased foreign exchange earnings. Fausto Brighenti, co-president of the CREA Livestock Commission, suggests diversifying markets and increasing the export quota beyond 20,000 tons per year, which currently faces heavy tariffs. Argentina is considering requesting a portion of the unused export quota granted to Australia and New Zealand by the US, but this would require a complex administrative process and official foreign policy work.

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Original content

Interview with Fausto Brighenti, co-president of the CREA Livestock Commission, about the prospects for beef exports for 2024. The year 2023 ended for the Argentine beef export sector with a bittersweet taste. There was a record in volume with shipments of 683,092 tons of product weight (+8.0% versus 2022), but foreign exchange earnings were 2,777 million dollars (-19.5%). The main reason behind this event is that Export prices of shipments made to China – which in 2023 represented 78.5% of the total volume – decreased significantly. “China ended up winning the fight by taking an almost record volume at low prices, also showing that Argentine beef exports do not have an alternative market, which represents a yellow light,” says Fausto Brighenti, member of CREA Río Salado (region Southeast) and co-president of the CREA Livestock Commission. “We could go towards a scheme with greater diversification, like the present in Uruguay or Brazil, but that implies foreign policy work, with ...

Source: Defrentealcampo