ARGENTINE

Argentine's beef export price fell 25 percent in October compared to 2022

Beef

The average value of the month's exports of chilled and frozen meat fell to US$ 3,770 per ton shipped, which represents 25% less than what was registered in October of last year - US$ 5,034 per ton.

Posted on Nov 30 ,00:15

Argentine's beef export price fell 25 percent in October compared to 2022

The Argentine Meat Exporters Consortium (ABC) reported that beef exports showed a "significant drop" in October, both in volumes and in dollars entered, compared to September and in interannual terms.

The average value for October is more than US$ 2,500 per ton below the maximums recorded in April 2022.

According to data published by INDEC, beef exports - measured in carcass equivalent - amounted to 67,645 tons in October, the lowest volume so far this year and 11% lower than what was exported in October 2022.

In the accumulated year, exports total 820 thousand tons and revenues of US$ 2,460 million, 9% more in volume but 19% less in value than last year.

China represented 81% of the volumes exported in October 2020 and 78% of the accumulated volumes of the first 10 months.

"The average price of boneless meat sales to China was around US$3,400 per ton, remaining significantly below the maximum of US$5,900 obtained in May 2022", said Mario Ravettino, president of the ABC Consortium.

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