Argentina Frozen Boneless Beef insights

According to a report by the Argentine website "infobae.com" on the 7th, from January to September, Argentine beef was exported to 48 markets around the world. Among them, the total amount of beef exported to the United States (+46%) increased the most, followed by Chile (+21%), Israel (+11%), the European Union (+7%) and China (+4%). Mexico ranked sixth, followed by Brazil, Russia, Canada and Malaysia. The amount of beef exported to these 10 markets accounted for 99% of Argentina's total beef exports. In terms of beef type, 16% of Argentina's exported beef products are refrigerated beef, and the rest are bone-in and boneless frozen beef. It is worth mentioning that last year, there were 31 export markets for Argentine refrigerated beef, and only one has been added so far this year; while the export markets for frozen beef have increased from 31 to 44. In the first nine months, Argentina slaughtered 10.22 million beef cattle. Excluding the atypical last year, the slaughter of beef cattle was higher than the average level of 9.9 million from 2017 to 2022; among them, the production of bone-in beef was 2.336 million tons, which was also higher than the average level of 2.252 million tons from 2017 to 2022. 70% of the beef products produced in Argentina are consumed in the domestic market, and the rest are supplied to the export market. However, against the background of record-breaking export volumes, the consumption of beef in the domestic market in Argentina is declining. According to data released by the Argentine Meat and By-products Chamber of Commerce and Industry (Ciccra), from January to September, the annual per capita beef consumption was 46.8 kilograms, a decrease of 12.3% from the same period last year.

According to reports from Argentine websites "agroclave.com.ar" and "infonegocios.info" on the 4th, the Argentine Beef Promotion Association has set up an Argentine beef pavilion at the CIIE venue. 14 Argentine beef exporters including APEA, ArreBeef, and Bustos Beltrán will show the audience the superior quality of their country's beef, and at the same time look forward to taking this opportunity to consolidate the momentum of beef export prices recovering in recent months. Mario Lavertino, vice president of the Argentine Beef Promotion Association Ravettino stressed that China is the primary export customer of Argentine beef. He said: "China is the primary export destination. In September alone, more than 16,000 tons of Argentine bone-in beef were shipped to the Chinese market, worth $24 million. In addition, (Argentina) also exported about 36,000 tons of boneless beef to China, worth $109 million." Ravettino also said that in September, 68.5% of Argentina's exported beef was sold to China. From a full-year perspective, beef exported to China accounted for 73% of Argentina's total beef exports. This shows that the Chinese market is very important. On the other hand, Daniel Urcia, a representative of the Argentine Regional Refrigeration Industry Federation (FiFra), Urcía stressed: "This (China) is a market that attracts much attention, and major companies always look forward to participating in the two annual exhibitions, one of which is the (China International Import Expo) held this week." Urcía also said: "We are committed not only to strengthening our relationship with Chinese customers, but also to promoting high-quality beef and competing with rivals who have a larger share of the Chinese market." Argentine beef exporters predict that with the sharp rise in Brazilian beef prices, the market position of Argentine beef will improve. In addition to meat products, high-quality grain feed products are also expected to usher in opportunities.

(NAP) Foreign sales of beef accumulated a volume of 699,987 tons in the period January-September 2024, equivalent to bone-in carcasses for 2.122 billion dollars, which represents the highest record in the last 57 years, reported the Secretariat of Agriculture, Livestock and Fisheries of the Ministry of Economy of the Nation. The data also reflect that, of the 48 export markets, considering the European Union as one, the increase in shipments to the United States stands out 46%; Chile 21%; Israel 11%; EU 7% and China 4%. In addition, a new market such as Mexico is positioned in the ranking, which already occupies sixth place, followed by China, Brazil, Russia, Canada and Malaysia. These 10 markets accumulated 99% of shipments in volume. On the side of exported products, 16% were chilled cuts and the rest frozen cuts with and without bone. In 2023, chilled cuts were exported to 31 destinations and so far this year only one was added, while sales