Argentina: Meat sales to China continue with low values

00(NAP) China, the largest buyer of beef worldwide, is still not giving clear signals at the moment regarding a recovery of values. The data recently published by Chinese Customs shows another month of significant volume in August imported, almost 270 thousand tons of meat, just 10% less than what was imported in July of this year However, in terms of prices, the trends are not so auspicious. August imports, with an average value of USD 5,231 per ton, mark the third consecutive month of decline after having attempted a beginning of recovery in May that finally failed to sustain itself and ended deepening the fall to about 26 percentage points, measured against that peak recorded in July 2022 of USD 7,100 per ton. In the first eight months, China recorded purchases of about $9.6 billion, reflecting a decline 16% compared to 2022. In unit value, August registers an average price of USD 5,350 per imported ton, 20% lower than that registered a year ago, when demand is still in the ...