Argentine beef exports are forecast to fall 10 percent this year
Recently, the U.S. Department of Agriculture released its biannual analysis of the international meat market, along with the adjustment to its projections for the current year, which it made in October.
In Argentine's case, based on 845,000 TCE shipped in 2024, in October it had forecast shipments of 860,000 for this year, while now it maintains that it will be 770,000.
The decrease is based on the estimate of lower production for the current year.
For this year, global production is forecast to remain virtually unchanged at 61.6 million tons, as projected declines in the US and the EU will be offset by increases in Brazil, India, and Australia. In the case of Argentine, it forecasts declines of 4% in slaughter and 3% in production.
For total exports, it estimates a 1% increase over 2024, to 13.1 million tons. Increased shipments from Brazil, Australia, and India will offset the reduction to the US. Thus, Brazil is on track for a new record.
Chinese imports will grow by 2%, which means the increase will be smaller than in recent years, but will nonetheless set a new record, the 11th in a row.
U.S. imports will grow by 5%, driven by its demand for lean meat.
Paraguay, which initially predicted a drop from 472,000 to 450,000, now estimates this year's figure at 500,000.
In the case of Uruguay, the increase from 473 to 485 thousand is maintained.
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