Due to the restrictions on the export of beef, the decline in China’s participation in shipments from Argentina is consolidated

In the midst of the restrictions placed by the Alberto Fernández Government on beef exports, which in principle will last until December 31, shipments to Argentina’s main foreign market continue to collapse: China.. According to the monthly survey of the Chamber of Industry and Commerce of Meat and Derivatives of the Argentine Republic, the country’s participation in meat shipments to the Asian giant went from 81% in April-May to 64.8% in September.

In September, according to the report, beef exports continued to recover and reached 54,500 weight-product tons of beef, a 49.2% increase in the June-July two-month period of this year, and thus cut the year-on-year fall to 7.7%. On the revenue side, turnover reached USD 310.4 million, a 24.5% increase in relation to September of last year, and with declared export values ​​of around USD 5,692 per ton, registering a year-on-year increase of the 35%.

What’s more, Of the total exported last September, China continued to lead the demand, with imports of 35,340 weight-product tons, 64.8% of the total exported by the national refrigeration industry, when in September of last year that share reached 72.1%. To all this, the report compared the volumes shipped in September with those of June and July, which stood at 27,200 tons and 25,200 tons weight-product, respectively, showing the ninth month of the year a recovery of almost 35%, but with a year-on-year decrease of 17.1 percent.

In relation to the prices that China paid for Argentine meat, they grew by 33.5% year-on-year in the last month, reaching USD 4,526 per tonne of product weight, where sales revenue to that market totaled USD 159.9 million, a 10.7% increase when compared to prices in September last year.

First 9 months of 2021

Referential file image of a worker handling meat carcasses at a Meat Plant in San Fernando, Argentina, photo taken on June 26, 2017. REUTERS / Marcos Brindicci
Referential file image of a worker handling meat carcasses at a Meat Plant in San Fernando, Argentina, photo taken on June 26, 2017. REUTERS / Marcos Brindicci

CICCRA’s monthly report also noted that Between January and September, national exports of beef stood at 437,100 tons by product weight, a volume that according to the entity’s specialists was similar to the same period last year, but when measured in equivalent tons of bone-in beef, it was reflected an annual decrease of 5.4%.

In the period analyzed, the turnover for the commercialization of beef abroad reached 2,016.3 million dollars, almost the same amount as in January-September of last year. “The retraction in volume was offset by the rise in the declared average price. This rose 5.6% annually, reaching USD 3,281 per tonnes of bone-in beef, “they said from CICCRA.

In addition, in the first 9 months of 2021, Argentina exported a total of 325,300 tons of product weight to China, representing 74.4% of the total exported and registering an annual growth of 1.3%, and generating an income of foreign currency for 1,205 , 6 million dollars, showing a fall to 1.6% annually. “As we highlighted in previous reports, the higher official controls applied in recent months translated into an improvement in the average price declared, which brought the average for the first nine months of the year to 3,706 dollars per tonnes of product weight and reduce the year-on-year fall to 2.9% ”, specified the members of the Chamber.

On the other hand, exports to Chile totaled 26,094 tons by product weight in the first nine months of the year, growing by 13.8% year-on-year, representing 6% of the total and generating income of 164.3 million dollars. And in the case of Israel, Argentine sales to that market stood at 25,211 tonnes of product weight in the period analyzed, a 16% year-on-year increase, representing 5.8% of the total exported and with income of 172 million dollars.

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Reference-www.infobae.com

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