Argentine exported 2900 tons of meat to Russia in the first five month
There is no doubt that the beef export business moves at the pace set by China, which in the case of for Argentine represents nearly 80% of the total exports by meat packing plants.
But the scenario began to change – both in volumes sent and prices to that destination – and new options appear on the horizon.
According to the Argentine Meat Exporters Consortium ABC, there is a “resurgence of the Russian Federation as a relevant destination for Argentine beef exports.”
Although the numbers are lower than those of other destinations, the Russian market has begun to show signs of good business. In May, almost a thousand tons of frozen meat were shipped to that destination, at an average of US$ 4,500 per ton.
The data to take into account is not the quantity shipped, but the value. Meat Exporters Consortium ABC calculated that this price is 34.1% higher than that received by China in the same month.
Step by step, the Russian market began to gain space and between January and May of this year, 2,900 tons were shipped to Russia, worth US$12.2 million.
On the Chilean side, ABC warned that "historically low levels are being recorded for boneless chilled meat shipments". In May, 1,666 tons were shipped, which marked a drop of more than 40% compared to May 2021.
Shipments of certified Kosher meat also moved downward and in May 1,239 tons were shipped, at an average price of US$6,071 per ton.
"Israel ended up as the fifth most relevant destination of the month, something unusual and caused by the delay in the start of the new harvest", they explained.
Analyzing shipments to Europe, shipments of boneless chilled meat grew by 70% between April and May. The data to be taken into account is that this is due to the effect of the shipment window for the third quarter of 2024 of quota 481, added to the closing of the 2023/24 cycle of the Hilton Quota.
In this way, although exported volumes grew by almost 2,000 tons compared to April, when compared to May of last year they fell by 11.5%. With these figures, Europe was the second most relevant destination of the month, behind China.
Finally, the North American market showed stability in chilled meat shipments and an increase in the case of frozen meat. Between January and May, exports were 12,800 tons, 62.1% higher compared to last year.
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