Significant increase in beef exports from Argentina to Europe and Israel

Frozen Bone-In Beef

Frozen Boneless Beef

Meat

Argentina

Market & Price Trends

Published Mar 28, 2024

Tridge summary

The ABC Consortium's report for February 2024 reveals a mixed landscape for global meat exports. There's an uptick in shipments to the European Union and Israel, with Israel's increase attributed to new permissions for bone-in meat exports. Conversely, there's a significant drop in chilled boneless meat exports to Chile, by over 40%. Europe's demand for chilled boneless meat surged, thanks to quota 481 for Q2 2024, while Israel's demand for kosher meat remains high. China's import of frozen boneless beef stays steady, and the US market shows stable chilled meat volumes with a slight rise in frozen meat shipments, despite falling average prices.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

According to the latest ABC Consortium report for February 2024, meat shipments abroad have shown increases mainly in the European Union and Israel destinations, in the latter case due to the authorization of the export of bone-in meat. As a summary, the document indicates that there have been low levels in historical terms for loads of chilled boneless meat destined for Chile: the 1,633 tons shipped in February fall by more than (-40%) with respect to the volumes of the months of February 2021 and 2022. Significant increase in shipments of chilled boneless meat to Europe: mainly the effect of the shipment window for the second quarter of 2024 of quota 481 is observed. As a consequence, volumes increase by more than 1,000 tons, (+29 .2%), compared to January. Shipments of certified Kosher meat, destined for Israel, remained in large volumes: in February, 1,553 tons of chilled meat and 2,189 tons of frozen meat were shipped. With total shipments of more than 3.7 thousand tons, ...

Source: Agromeat