South America

Uruguay replaced Argentina as no.2 beef supplier to China

There was a 16.5% drop in Argentinian beef exports from May to September due to a ban placed by the national authorities.

Posted on Nov 15 ,10:43

Uruguay replaced Argentina as no.2 beef supplier to China

Between May and September, Argentina has reduced beef exports by 16.5%, as the ban placed by the national government, in a bid to limit the inflation on meat prices, has kept thousands of tonnes of meat in the domestic market. Meantime, Uruguay has replaced Argentina as the second-largest supplier of South American beef in the Chinese market.
This was pointed out by the economist Juan Manuel Garzon of the Institute of Studies on the Argentine and Latin American Reality (IERAL) of the Mediterranean Foundation. In a tweet, the economist underlined that most of the main players in the global beef market have expanded their presence: Brazil by 41.6%, followed by Uruguay (22.9%) and the United States (6.2%).
Regarding China, in 2020, Argentina secured a market share of 23%, while this year it only supply 11% of the beef imported in the Chinese market. Beef exports to China have been resumed in late October but Uruguay is now the second-largest supplier of beef in this market, behind Brazil.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

SPAIN

INTERPORC regrets the decision of the CHS to block the development of farms in Murcia

This measure, in his opinion, does not at all reflect the important advances that the Spanish liv...


Read more Read more
DENMARK

New Danish Crown board in place

Soren Skou was elected chairman, and Daniel O. Pedersen and Ulrik Bremholm were elected to the tw...


Read more Read more
NEW ZEALAND

B+LNZ South Island lamb crop update

Lambs tailed in the South Island decreased by an estimated 645,000 head (-6.4%) compared to 2023,...


Read more Read more
Websolutions by Angular Software and SpiderClass