China: Shanghai CIIE closed with better prices for Argentine meat

Published Nov 10, 2024

Tridge summary

The Seventh China International Import Expo in Shanghai saw the Argentine Beef Promotion Institute and 14 exporting companies participate, reporting a significant increase in meat prices compared to the May expo, with grain-fed meat showing particular interest. The anticipated positive trend for Argentine meat in 2025 is attributed to rising Brazilian prices, a decrease in the US supply, and a reduction in Chinese stock after a large liquidation. The Argentine Beef Pavilion at the expo, spanning 500 square meters with a restaurant and individual boxes for the participating companies, contributed to the successful market exploration.

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

Original content

On November 10, the seventh edition of the China International Import Expo (CIIE) closed in Shanghai, in which the Argentine Beef Promotion Institute (IPCVA) participated together with 14 exporting companies. Beyond the influx of importers, which is always guaranteed at fairs in this country, Argentine exporters found a firm and demanding market that showed an increase of between 200 and 300 dollars, on average, compared to those negotiated at the China Expo in May of this year. In addition, businessmen are excited about a very positive 2025 for Argentine meat due to different factors: Brazilian prices continue to rise, the United States has a lower supply and there will not be as much local meat on the market either, since this year Chinese producers had a large stock liquidation and that meat will not be available in the coming months. On the other hand, the great interest in grain-fed meat was confirmed during the fair, in an increasingly sophisticated market, with prices much ...

Source: Chacra Magazine