Argentina

China to remain a dominant buyer in the global beef market

Beef

The Asian country has changed dramatically the beef export map for Argentina, says ROSGAN.

Posted on Nov 21 ,10:26

China to remain a dominant buyer in the global beef market

Growing demand for beef in China will stay in place for a few years, predicted a team of analysts from ROSGAN, the Mercantile Exchange of Rosario, Argentina.
Over the last 5 years, increased demand for beef in China has changed dramatically the export map for Argentina, who is currently shipping more than 73 of its beef exports in the Asian country. "In 2015 China carried 30.1% of our total exports - chilled, frozen and processed meat without including giblets - while currently, its participation amounts to 73.4% of the total market", observes ROSGAN, quoted by DeFrenteAlCampo magazine.
The volumes shipped to China have tripled over the last 5 years, going from about 100,000 tonnes in 2015 to about 345,000 tonnes in January-September of the current year. Also, the situation has reduced the Argentinian exposure on traditional markets such as Russia or Chile, mentioned ROSGAN in its report. Since June, Argentina has become the main supplier of beef in the Chinese market and the volume of exports is expected to grow in 2020.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

AUSTRALIA

Grainfed cattle carbon emissions shown to be much less than previous estimates

The Department of Climate Change, Energy, the Environment and Water (DCCEEW) has adopted a new Au...


Read more Read more
DENMARK

Danish Crown brings in experienced top manager

In early April, the management of Danish Crown announced that it would split the Danish Crown Bus...


Read more Read more
NEW ZEALAND

New Zealand: Milestone agreement signed on Foot and Mouth Disease

Beef + Lamb New Zealand, DairyNZ, Dairy Companies Association of New Zealand, Deer Industry New Z...


Read more Read more
Websolutions by Angular Software and SpiderClass