State of foreign markets will keep Chilean beef prices competitive

Published 2022년 11월 14일

Tridge summary

Chilean beef cattle producers are observing a decrease in imported meat due to increased production costs, with 70% of beef consumed being imported, primarily from Mercosur countries Paraguay and Brazil. The industry remains resilient despite high inflation, with stable domestic prices attributed to restricted imports and a solid exchange rate. This has prevented a potential drop in domestic cattle prices, a problem that has occurred in the past with oversupply of imported meat. The current demand-driven prices are helping maintain the value of national production and stability in the meat market.

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

Original content

A representative of beef cattle producers in Chile said that the percentage of food that is marketed in the country and that comes from abroad has decreased in recent times, due to the increase in production costs, which has prevented This offer is positioned above the Chilean one and the prices of cattle for meat fall. 70% of the beef consumed in Chile is made up of imported meat and between 30% and 35% by national production”. “The imported meat that arrives in the country comes mainly from Mercosur. The two main countries are Paraguay and Brazil and in third place is Argentina. Argentina is in third place, not accounting for more than 12% of the total meat that is imported”, explained the union leader. Regarding the conditions for the production of meat at a global level, the spokesman for the livestock production group observed that “obviously the cost has increased throughout the world, not only in Chile. The issue of freight and fertilizers has hit all countries, but in ...

Source: Portaldelcampo