More than 70% of Argentina's beef exports in the first quarter were sold to China

Published 2024년 5월 6일

Tridge summary

In March, Argentina saw a decrease in its chilled and frozen beef exports by 6.8% compared to February, but an increase of 19.1% year-on-year, reaching a total of 6.44 tons with a value of $242.5 million, which was a 4.9% decrease from the previous month but a 2% increase from the previous year. The country's exports to China significantly contributed to this, with 15,700 tons of bone-in beef and beef bones and 33,600 tons of boneless beef exported, accounting for 76.6% and 78.6% of Argentina's total beef exports for the month and the first quarter, respectively. However, the average price of boneless beef exports to China fell to $3,330 per ton from the high of $5,900 per ton in May 2022. Overall, Argentina's beef exports to China have been on a consistent rise over the past year, with a 12-month total of 720,800 tons and a value of nearly $2.851 billion.

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

Original content

According to a report by the Argentine newspaper La Nacion on April 26, in March, Argentina's exports of chilled and frozen beef were 6.44 tons, down 6.8% from the previous month and up 19.1% from the previous year; the export value was US$242.5 million, down 4.9% from the previous month and up 2% from the previous year. In terms of exports to China, Argentina exported about 15,700 tons of bone-in beef and beef bones to China, with an export value of US$25.2 million; about 33,600 tons of boneless beef were exported to China, with an export value of US$11,200. In March, Argentina's beef exports to China accounted for 76.6% of Argentina's total beef exports, while in the first quarter as a whole, the proportion reached 78.6%. However, the average price of Argentina's boneless beef exports to China was US$3,330 per ton, which was down from the highest price ...

Source: Foodmate