South American Real Estate News

A snapshot of Paraguay’s beef export markets

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Paraguay is the 8th largest beef exporter in the world. Paraguay exports 60% of their beef production.

The latest data released by the National Meat Quality and Animal Health Administration of Paraguay (Senacsa) shows that from January to March 2021 both the total and total exports of Paraguayan beef have achieved substantial growth, setting a new high for the same period since 2017.  

Paraguay’s ”Time Update” reported on April 5 that from January to March this year, Paraguayan beef exports totaled 8.06 tons, a year-on-year increase of 35.3%, and total beef exports were US$356 million, a year-on-year increase of 34%. .  

From the perspective of average export price, from January to March this year, the average export price of Paraguayan beef was US$4.42 per kilogram, which was lower than the same period last year of US$4.47 per kilogram, but higher than the same period in 2017, 2018 and 2019. The average export price of beef was US$4.21, US$4.29, and US$4.06 per kilogram.  

From the perspective of the export market, Chile has been the largest buyer of Paraguayan beef in the first three months of this year, with an import volume of 32,100 tons, a year-on-year increase of 56%. Russia ranked second with 19,800 tons, Brazil and Israel. Ranked third and fourth respectively, with imports of 7021 tons and 6,634 tons in order. Taiwan ranks fifth with 5,769 tons of imports.  

Regarding the Chilean market, Senacsa Director José Carlos Martin Camperchioli (José Carlos Martin Camperchioli) explained that the Chilean government’s economic subsidies in response to the new crown pneumonia epidemic have prompted the country’s beef consumption There has been a substantial increase in the volume, which has increased the purchase of Paraguayan beef.  

In addition, Quimperchioli emphasized the strong growth momentum of Paraguayan beef exports in the first quarter of this year. He said that this year is a good year for the meat industry, but he is still worried about the meat industry for the rest of the year.

Can this month maintain the outstanding results of the first quarter?

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