Beef exports in October fell over 30%

Beef exports in October fell over 30%

Regarding the analyzed month, both the exports of chilled meats and frozen pitted meats decreased considerably, the item least punished was that of frozen meats with bone.

“Shipments of chilled meats were affected by the lower participation of tariff quotas to the European Union, especially the so-called 481 quota, which had reached a record figure, as well as the decrease in shipments to Chile,” they explained from the consortium.

They also detailed that “in the case of frozen meats, exports to China were reduced, as a result of the measures applied, while the operation to Israel was greatly reduced at the beginning of the new season.”

In the first ten months of the current year, 676 thousand peso tons have been shipped that reported 2,261 million dollars, a drop of 8 percent in volume and practically the same value as in the same period of last year.

From ABC they indicated that this is due to “the improvement in prices in key destinations such as China and the European Union, which has been combined with the strong incidence of tariff quotas, which include the most precious cuts.” Along these lines, they stated that “in the course of the last twelve months, the average value of exports increased by 46%, so if no restrictions had been imposed, it would once again set a new record in the collection of foreign exchange in the sector. “

The entity explained that the impact of the restrictions applied on exports has been reduced by “the greater participation of tariff quotas, the relative fall of China and the increase in international prices due to the particular situation in the market of bovine meats, before the closure of Brazilian meats imposed by the Asian power since the beginning of September “.

In the last days, Julian Dominguez The Minister of Agriculture, Livestock and Fisheries of the Nation did not rule out relaxing the restrictions for the month of December. He did so in the framework of a closing speech at the Buenos Aires Cereal Exchange together with the Argentine Soybean Chain Association (Acsoja), Argentrigo, the Argentine Corn and Sorghum Association (Maizar); and the Argentine Sunflower Association (Asagir). There he assured that the decree expires on December 31 and that they will soon make the announcements.

Source From: Ambito

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