China

Argentinian beef sets strong foothold in China

Beef

At SIAL China 2019, most of the Argentine companies negotiated all the meat they had available and many are just offering containers for August or September of this year.

Posted on May 21 ,08:37

Argentinian beef sets strong foothold in China

Due to the ASF crisis and trade barriers existing between China and the US, the volatility in the Chinese animal protein market is expected to grow in the following months. High prices are already present in the market, as the Argentinian beef producers have found for themselves.

“It is a fair with a movement never seen and of very good prices. Operations are being carried out with values that exceed 1,000 to 1,500 dollars what was paid last year”, declared Jorge Torelli, Vice President of Institute for Promotion of Argentinian Beef, for De Frente Al Campo magazine. Most of the Argentine companies negotiated all the meat they had available and many are just offering containers for August or September of this year. The values per ton are ranging between $5,200 and $7,000, but the risk of a bubble in prices appearing in the market is also high.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

BRAZIL

Brazil receives authorization of four new plants for exporting chicken meat to Malaysia

The authorization by the Malaysian health authorities reaches four meatpacking plants in Brazil -...


Read more Read more
BRAZIL

Marfrig completed the first export of kosher bone-in beef to Israel

The operation occurred after the recent health authorization that Argentine received from that co...


Read more Read more
SPAIN

B+ Animal Welfare Commitment: a seal that makes a difference

Created by INTERPORC, the B+ Animal Welfare Commitment seal reflects the will of the white pork s...


Read more Read more
Websolutions by Angular Software and SpiderClass