Argentine has reached its 29,500 tons per year quota for EU and UK
The Hilton Quota 2022/23 closed with 100% compliance, according to the Ministry of Agriculture, with sales of 29,500 tons that generated a foreign exchange income of US$ 310 million.
The agricultural portfolio highlighted that this is the highest compliance in the last five years. In the case of the previous cycle, there was a remnant of 1,288 tons that could not be marketed.
According to the survey carried out by the Undersecretary of Agricultural Markets, less than two weeks after the end of the 2022/2023 commercial cycle, Argentine exported 29,389 tons to the European market, which added to the additional 111 destined for the United Kingdom, total 29,500. tons of the aforementioned quota.
The average value of the high-quality boneless cuts that make up the fee ranged from US$10,000 to US$13,500, depending on the composition of the cuts. The main destinations were Germany and the Netherlands, followed by Italy and Spain.
The peak in Hilton prices was recorded at the beginning of the cycle, just above US$14,000 per ton.
The sales of the 2022/223 quota were as follows:
* Germany: 15,770.6 tons for US$ 168.8 million
* The Netherlands: 9,067 tons for US$ 93.9 million
* Italy: 3,173 tons for US$ 33.7 million
* Spain: 829.1 tons for US$ 8.3 million dollars.
* The rest of the assigned tonnage is divided between Portugal, Greece, France, Austria, Poland, Slovenia and the United Kingdom.
One piece of information that emerges when analyzing the numbers for the 2022/2023 cycle is that the quota did not escape the fluctuations in international prices suffered by the foreign trade of beef, which, although it maintains its dispatch volumes, has not managed to rebound in billing.
In the previous period, and with 1,288 tons that were not exported, the billing reached US$ 347 million, according to official data.
With a tariff preference of 20%, Argentine markets 44% of the global quota granted by the European Union, while the other beneficiary countries are the United States and Canada (17%), Brazil (15%), Australia (11%), Uruguay (10%), New Zealand (2%) and Paraguay (1%).
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