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.
Australia is eyeing the Indonesian meat market which is expected to grow by 1,321% over the next ...