Argentine

Argentine: Volume of meat exported in September fell by 5,3 percent

The volume of beef exports fell 5.3% in September compared to the previous month, which determined a decrease of 10.2% in the level of invoicing in the same period, according to a report prepared by the Consortium of Meat Exporters (ABC).

Posted on Nov 02 ,04:51

Argentine: Volume of meat exported in September fell by 5,3 percent

In September, the volume of meat exported was 54,400 tons, for a total amount of US$ 300 million. Thus, the year-on-year comparison was also lower: -2% in volume and -5.4% in sales.

However, the accumulated figure for the first nine months continues to show positive results in both items, with 472,500 tons (+8.2%) and US$ 2,753 million (+36.2%) from foreign sales.

China accounted for 77.4% of exported volumes in September 2022; and 76.9% of the accumulated in the first nine months of the year

The declines were due to lower shipments to the European Union (EU), Israel, Chile and the United States, added to a general drop in international prices.

The bulk of shipments were destined for China both for September and for the accumulated figure for the first nine months of the year.

In the last month, 9,200 tons of bone-in beef and bovine bones resulting from deboning were shipped to China, for a value of US$ 14.7 million, and just over 33,000 tons of boneless beef, for US$ 181.9 million.

The average price of boneless meat sales to China in September 2022 was slightly above US$5,500 per tonne, marking a clear downward path from the maximum of US$5,900 per tonne obtained last May.

Thus, "China represented 77.4% of the volumes exported in September 2022; and 76.9% of the volume accumulated in the first nine months of the year".

The average price of boneless meat sales to China in September 2022 was "slightly above US$5,500 per tonne, marking a clear downward path from the maximum of US$5,900 per tonne obtained last May", the report stated.

"In the last four months, there has been a persistent downward trend in prices in the main destinations from May onwards, and the average US$5,504 per tonne obtained in September is US$800 per tonne below the maximum registered in the past month of April", marked the work.

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