Argentina: Beef exports reached the highest figure in the last 57 years

Published Nov 8, 2024

Tridge summary

Argentina's beef exports experienced the highest volume in the last 57 years from January to September 2024, reaching 699,987 tons and valued at $2,122 million. This success is attributed to the removal of export restrictions and an increase in shipment volumes. The largest buyer, China, accounted for about 70% of the total shipments. The lifting of restrictions has led to more authorized plants and markets, and there is no restriction on beef shipments for the first year in a long time. However, a 6.75% withholding still exists. The opening of beef and sweet citrus fruit exports to Ecuador, enabled by a joint effort between Argentina and Ecuador, is part of this positive trend.

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

Original content

It was in volume; between January and September last year, shipments were made for 699,987 tons equivalent to bone-in carcass for 2,122 million dollars. Beef exports accumulated in the first nine months of 2024 the highest volume in the last 57 years, according to the Ministry of Agriculture. This was due, they expressed in the meat sector, to the elimination of export restrictions and the increase in the volume of shipments. According to Agriculture, in charge of Sergio Iraeta, foreign sales of beef accumulated in the period January-September 2024 699,987 tons equivalent to bone-in carcass for 2,122 million dollars. From the agricultural portfolio, which depends on the Ministry of Economy, they assured that this represents the highest record in the last 57 years. The data also reflect that, of the 48 export markets, considering the European Union as one, the increase in shipments to the United States stands out with 46%, to Chile with 21%, to Israel with 11%, to the European ...

Source: Defrentealcampo