Argentina: Strong year-on-year growth in beef exports in November

Published 2024년 12월 25일

Tridge summary

From November 2023 to the same month in 2024, foreign sales of refrigerated and frozen beef from Argentina experienced a nearly 10% increase, reaching nearly 66 thousand tons with a value of US$260.5 million. This surge in exports is due to the removal of restrictions on shipments after President Javier Milei's inauguration. The average export price in November was US$3,949 per ton, a 5.9% increase from the same period in 2023, despite a downward trend in prices since May 2022. Offal and beef preparations exports also saw an increase, reaching 13.3 thousand tons with a value of US$21.3 million in November. China was the main destination for these exports, accounting for almost 80% of the shipments in November 2024.

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

Original content

From November 2023 to the same month this year, foreign sales of refrigerated and frozen beef rose by almost 10%, according to data from the Consortium of Argentine Meat Exporters (ABC). The entity indicated that beef exports reached a volume close to 66 thousand tons in November 2024 for a value of US$260.5 million. With respect to October, the shipped volumes show a “moderate drop” of 5.3%; while the value obtained shows a decline of 6.8%. However, in year-on-year terms, the rise in both values and quantities was consolidated, starting with the removal of restrictions on shipments that was ordered after the inauguration of President Javier Milei. With respect to November 2023, the exported volumes were 9.6% higher; while the value obtained was 16.1% higher. What happened after the removal of restrictions “The cumulative figure between January and November 2024 reveals that foreign sales of refrigerated and frozen beef were close to 709.1 thousand tons of product weight; for a ...

Source: Agromeat