EU: Price of meat from the Hilton quota reaches a maximum in ten years

Published 2022년 4월 7일

Tridge summary

The price of the Hilton Quota, or high-quality chilled boneless beef cuts, exported from Argentina to the EU, reached a 10-year high of US$16,800 per ton in March, an increase of 8.38% from February and 60% from a year ago. The Argentine Ministry of Agriculture distributed 29,389 tons of this quota from July 1 of the previous year to June 30, placing 70% of it on the European market, which has resulted in foreign exchange income exceeding expectations. This situation is due to a meat shortage in the EU caused by reduced production and decreased imports from the UK post-Brexit, and the high demand for meat in Europe despite the challenges of finding large, well-marbled cuts in Argentina for export.

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

Original content

The price of export meat corresponding to the Hilton Quota, of high-quality chilled boneless beef cuts assigned by the European Union (EU), reached US$16,800 per ton in March, its highest value in 10 years. This is clear from the latest report from the Association of Exporting Producers of Argentina (APEA), which stated that the cuts called RAL Hilton (loin, narrow steak and rump) were located in March at US$16,800 per ton, according to a report on the web site. com.ar This means an increase of 8.38% compared to the US$15,500 per ton in February, prior to Russia's invasion of Ukraine, but it also represents an increase of 60% compared to the US$10,500 at which it was trading a year ago. behind. In addition, it ranks as the highest value in the last 10 years, since the last time the price was above US$16,000 was in 2011 when it reached US$19,000. (Read: The Hilton Quota: a high-value public-private scheme) However, the record for the Hilton Quota ton of meat was set in 2008 when it ...

Source: MXContexto