Paraguay's lower meat price impacted revenue in February
Frozen Bone-In Beef
Meat
Paraguay
Published Mar 2, 2023
Tridge summary
Despite the greater volume exported, the reduction in the average price of Paraguayan beef had an impact on the foreign exchange generated as of February 2023, since a decrease of USD 20.7 million (-9%) was registered, compared to the same period in 2022, according to Productiva's analysis of data from the National Animal Health and Quality Service (Senacsa).
Original content
The increase in exported volume (3%) in this first two-month period of the year was not enough to offset the 11% drop in the average price of Paraguayan beef, according to Productiva's analysis. Until the last month, USD 214.1 million was generated for shipments of 46,514 tons, while until February of last year, USD 235 million entered for 45,215 tons shipped. The price registered a drop of USD 590 in these first two months of the year. For the national product, USD 4,602/ton was paid, while in the same period of 2022 it was sold at USD 5,192. Destinations. Until February, Paraguay exported beef to 37 markets, a better participation compared to the same period in 2022, when 31 destinations were active. Among the most prominent markets as of February 28, Chile (46%), Brazil (12%), Taiwan (10%), Russia (8%), Israel (3%), the European Union (3%), Procurement maritime (2%) and Kuwait with 1%, to name the main ...
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