South American Real Estate News

Slide gateway to south america's news resource Brings you local news and views from the region Experienced Investment news local knowledge information resource for investors real estate marketing Gateway to South America Real Estate News line Icon home Icon home Icon home brokerage services www.gtsanews.com www.gatewaytosouthamerica.com Click here now for real - estate opportunities Experienced argentina brazil chile paraguay peru uruguay agro business lifestyle real estate marketing Gateway to South America Real Estate Services high end residential Farm investment tours Icon home Icon home Icon home Icon home brokerage services
line www.gatewaytosouthamerica.com
Slide Real Estate News Service South American Focused 1000's Of Happy Subscribers Argentina - Brazil - Chile- Paraguay - Peru - Uruguay Bilingual Posts Free Subscriptions www.gtsanews.com www.gatewaytosouthamerica.com

Argentina: is heading to a historical record of beef exports in 2020

Post available in: English Español

Argentine beef exports could close 2020 with a historical record close to one million tons. Last year 844,900 tonnes of bone-in beef were sold, which was a record after 50 years.

This was estimated by the livestock consultant Víctor Tonelli after analyzing the performance of exports in the first seven months of the year and projecting the end of 2020.

Argentina is the fifth largest exporter in the world after Brazil, the United States, India and Australia. With a million tons it would maintain the same place in the top five exporter.

Exports for the first seven months of this year were 327,800 tons by product weight. In tons of beef with bone, it is more than 485,000 tons. According to Tonelli, what was already marketed contributed US $ 1,509.2 million with an average of US $ 4,604 per ton.

“These values show an increase in volume of 20.1% compared to the same period last year and only 4.6% over the total exported value, highlighting the drop in value per ton showing the effects generated by COVID 19”, said.

For the consultant, with this background “it is possible to project a historical record level of exports for this year that could be close to one million tons equivalent of beef with bone.” Tonelli foresees a foreign exchange inflow of more than US $ 3 billion.

“This estimate is supported by the volume already exported and the consideration that the remaining months have been seasonally the highest of the year, it is estimated that China will improve its conditions approaching the period of greatest annual demand and with limitations to supply itself from Australia and New Zealand, ”he explained.

Tonelli added that “Chile will begin its period of greatest demand, the European Union, with lower prices, will maintain a good rhythm of demand and, the star market, the United States, despite being close to meeting the quota of 20,000 tons per year will continue a good rhythm of demand ”.

Specifically last July, sales abroad were 53,400 tons by product weight. In value, it was exported for US $ 226.1 million. These values represent an increase of close to 8% over what was exported last month in both volume and value.

China, the main destination, took 66% of the exported volume. This is a decrease in the level of participation in previous months, which averaged 76.1%.

“In terms of values, the average value exported to China was US $ 3,542 per ton, far from values that by the end of last year exceeded it by more than 75%,” said Tonelli.

For his part, Mario Ravettino, president of the Consorcio de Exportadores de Carnes (ABC), evaluated: “Unlike what had been happening, growth was focused on the chilled meats and on a more modest rise in frozen meats, where for the second consecutive month there was a drop in shipments to China. It was offset by an improvement in other markets ”.

“The larger shipments to Chile, Israel and the United States were decisive in this important change. After many months, China evolved with a different trend than total meats. This, together with the expansion of the United States, is the most relevant data of the analyzed period ”, highlighted Ravettino.

Meanwhile, according to Tonelli, when the share of exports over the total beef offered (produced) is analyzed, these “reached 28.3%, leaving a level of consumption equivalent to 52.2 kg / inhabitant year.”

Source: La Nación, Argentina.

Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, providing expert advice on property acquisition.

www.gatewaytosouthamerica.com

(Visited 74 times, 1 visits today)
Gateway to South America

About Gateway to South America

Gateway to South America was established in 2006 as a single office in Buenos Aires. The company has since expanded into a vibrant regional network, servicing the Southern Cone clients in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay with professional real estate marketing services. If you enjoy reading our news site please share it on your social media below.

Post available in: English Español

0 POST COMMENT

Make a comment on this post

Your email address will not be published. Required fields are marked *

Visit us on LinkedInVisit us on FacebookVisit us on TwitterVisit us on Pinterest