South American Real Estate News

Argentine will again be one of the worlds largest exporters of meat in 2019

Post available in: English

According to a CREA report, shipments abroad could grow 16% during the next year. They should total 600,000 tons. 60% would go to Asia

According to CREA, which presented its projections for 2019, Argentina would again be one of the top five meat exporting countries worldwide, given that it expects a similar growth to 2018 with a reasonable climatic year and continuing growth of exports. However, it was indicated in the report, “it is expected that the national reduction in the supply for domestic consumption, with a price recovery in real terms.”

Despite the global stagnation of meat, Argentine exports should grow 16%, reaching 600,000 tons. “The increase would be explained, to a large extent, by sales to the Chinese market, which could amount up to 60% of the volume exported. In turn, the opening of the US market also defines a trend that generates high expectations, “the statement said.

The 20,000 tons that are shipped to the United States only accounts for 3% of the total exported volume. But the impact of these operations will be great, said CREA, “because North America is a world reference in terms of sanitary status, which would facilitate negotiations for entry into other countries with high-value meat.

” What happens with corn will be related to the evolution of meat. “As a result of the good climatic context and of the greater cultivated surface, an increase of 33% in the local production of corn with respect to the previous year is estimated. This greater offer would promote the fall of the price of the forage grain par excellence “, explained.

As for the composition of the national consumption, it is expected that next year, the slaughter will maintain levels similar to those of 2018, of approximately 3.05 million tons equivalent to beef on the bone.

“This level is considered high; in relative terms, it is 6% higher than in 2017. As a result, it is expected that the stock of cows will decrease by 0.9%, which does not imply an entering a liquidation phase but is the product of the growing trend of participation of female cows in the slaughter that started in September 2015.

” The supply of meat for the domestic market could reach around 53.6 kilos per inhabitant ( in the past it was as high as 95 kilos per inhabitant).

“This value is low and represents a historical minimum, although consumption of 117 kilos per inhabitant and per year of total meats is maintained, which include chicken and pork, which places us among the world’s first consumers of meat.”

Source: La Cronista

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Post available in: English


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