In the first ten months of the year, the ABC Exporter Consortium calculated that shipments of beef abroad marked a slight year-on-year growth of 6.2% in volume, but the downward trend in prices has not yet been reversed and billing in that period fell by 23.3%.
In the final stretch of 2023, international prices continue without rebounding. In the case of beef refrigerated and frozen, its price in October averaged US$3,777 per ton. This value represents a drop of 6.5% versus September and 25% versus October of last year, when it was quoted at US$5,034 per ton.
“A downward trend in prices is observed in the main destinations from May 2022 onwards,” warned Mario Ravettino, president of the entity.
THE CHINESE MARKET, IN SLOW MOTION
With 80% of sales, China It was the exclusive destination during October for Argentine meat exporters. This destination marks the pulse of external sales and during October, there was a decline in shipments of frozen meat and bovine bones, coming from the slaughterhouse.
“In addition to the above, the values paid for products placed in China continue to show drops of more than 40% compared to the highs of mid-2022,” they noted.
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On the side of EuropaFrom ABC they highlighted that a moderate decrease was recorded in loads of chilled meat. In October, this item fell 4.7% compared to the previous month.
For the entity, sales to that destination during the tenth month of 2023 “reflected thethe weakness of the bloc’s economyIn October 2022, the loads carried out to supply the consumption window for the end-of-year holidays rose to 4,530 tons, being 1,000 tons below that figure.
CHILE, ISRAEL AND THE UNITED STATES
In the case of Chile, chilled beef shipments remain at a low volume and the 1,600 tons exported in October are similar to those of last year.
“The wide supply of Paraguayan and Brazilian products at more competitive prices negatively impacts the volumes supplied by Argentina,” Ravettino pointed out.
In this context, ABC reported that there was a sharp drop in the volumes of frozen meat destined for USAbut with the incentive of a small improvement in quotes.
The products cooled to that market had an inverse behavior. Sales recovered stronglygoing from 85 tons in September to 580 in October, but significantly cutting the average price, which went from US$6,700 in September to US$5,500 in October.
Finally, shipments of certified meat Kosher, bound for Israel, were drastically reduced after the rabbis’ activities ended at the beginning of September. As an example, in October only 367 tons of frozen meat were shipped.
2023-11-23 18:31:10
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