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Meat exports grew 19.2% annually in January

Meat exports grew 19.2% annually in January
February 27, 2024 – 17:03

They totaled 61.2 thousand tons in the first month of the year and the value obtained was 11.9% higher in the same period. The People’s Republic of China was once again the main export destination with 11.9 thousand tons.

The exports of meat chilled and frozen beef reached a volume close to 61.2 thousand tons in January for a value of US$235.3 million, reported the Consortium of Argentine Meat Exporters (ABC).

Compared to January 2023, the exported volumes were 19.2% higher and the value obtained was 11.9% higher; and, compared to December, they show a drop of 0.4% and the value obtained showed an advance of 3.6%, the ABC stated in its monthly report.

In the accumulated of the last twelve months, from February 2023 to January 2024, foreign sales of chilled and frozen beef were close to 693 thousand tons by product weight for a value of approximately US$ 2,802.5 million.

In relation to the moving year, February 2022 to January 2023, exported volumes are 6.8% higher; while the value obtained was 18.9% lower, the entity added.

A downward trend in prices is observed in the main destinations

In January, the average export price of chilled and frozen beef was US$3,843 per ton, value 4.0% higher than that obtained in December 2023 and 6.1% lower than the average price in January 2023, which had been US$ 4,094 per ton.

Since May 2022, a downward trend in prices has been observed in the main destinations.

The People’s Republic of China was once again the main export destination in January with 11.9 thousand tons of meat with bone and bovine bones product of the slaughter, for a value of US$ 19.3 million and 36.6 thousand tons of boneless beef, for a value of US$ 123.6 million.

China represented 79.2% of the volumes exported in January and the average price of boneless meat sales was around US$3,380 per ton, significantly below the maximum of US$5,900 obtained in May 2022.

Source: Ambito

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