The average price of beef exports is 30% below 2022 / Photo file.
Beef exports would close the current year with a decrease of 28% year-on-year, with a turnover of US$ 2,750 million, as a result of a sustained decline in international prices for the product, according to a report prepared by the Institute of Studies on the Argentine and Latin American Reality (Ieral) of the Mediterranean Foundation.
If this projection is confirmed, the fall It would mean a loss of US$ 1,050 million compared to 2022, with which the total amount invoiced “It would be the lowest contribution of foreign currency to the complex in the last 4 years.”
Although between January and October of this year there was an increase of 4% compared to the same period in 2022, with a volume shipped of 635,700 tons versus 611,500 tons the previous year, the drop in international prices, especially those paid by China, determined a considerable drop in the sector’s income.
📒 Despite the good volumes, the value of exports of the bovine complex decreases sharply in 2023
✍️ @Jgarzon02 y @FrancoArtussohttps://t.co/rhE0fNbSMW— Mediterranean Foundation (@FMediterranea) November 28, 2023
“The exported value is adjusting sharply compared to last year, due to the fall in international prices. The average price of exports is 30% below the previous year (in real terms, adjusted by CPI USA), 28 % below the average of the last 5 years, and “This is one of the lowest values in the last 20 years.”highlighted the work of the Mediterranean Foundation.
According to the shipped product structure70% of the placements registered so far this year were boneless meat (44,800 tons of product weight per month), 17% of bones and bone-in meat (10,500 tons) and the remaining 13% of offal (8,300 tons ).
For its part, 89% of the total value was generated in the sale of boneless meat (US$ 214 million average per month), 6.3% in the sale of bones and bone-in meat (US$ 15.3 million per month ) and 4.7% in offal (US$ 11.3 million per month).
2023-11-28 21:00:00
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