Argentinian beef exports in October, down 31%
October beef exports from Argentina dropped 30.9% compared with the same month last year and 25% from the volume reported for September, totaling 33,638 tonnes. However, an increase in prices in key markets such as China and the European Union has limited the losses in terms of value. According to data presented by the Argentine Beef Promotion Institute (Ipcva), the average FOB price per ton for the period in question was approximately $ 10,100 for chilled boneless cuts; and close to $5,650 for frozen boneless cuts. “These prices have been 1.3% higher than those obtained in September and 44.5% higher than those registered during the tenth month of 2020 ″, detailed Ipcva.
The total value of October exports was $240.9 million, 0.9% lower than the $243.1 million obtained in October 2020.
"During the first ten months of the current year, 676 thousand tonnes of beef were exported by Argentina, totaling $2.2 billion, representing a drop of 8% in volume and practically the same value as in the same period last year. The improved prices in key destinations such as China and the European Union, which has been combined with the strong incidence of tariff quotas, which include the most precious cuts, have contributed to these results", added Mario Ravettino, president of the Consortium of Argentine Meat Exporters (ABC).
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