Uruguay replaced Argentina as no.2 beef supplier to China
There was a 16.5% drop in Argentinian beef exports from May to September due to a ban placed by the national authorities.
Between May and September, Argentina has reduced beef exports by 16.5%, as the ban placed by the national government, in a bid to limit the inflation on meat prices, has kept thousands of tonnes of meat in the domestic market. Meantime, Uruguay has replaced Argentina as the second-largest supplier of South American beef in the Chinese market.
This was pointed out by the economist Juan Manuel Garzon of the Institute of Studies on the Argentine and Latin American Reality (IERAL) of the Mediterranean Foundation. In a tweet, the economist underlined that most of the main players in the global beef market have expanded their presence: Brazil by 41.6%, followed by Uruguay (22.9%) and the United States (6.2%).
Regarding China, in 2020, Argentina secured a market share of 23%, while this year it only supply 11% of the beef imported in the Chinese market. Beef exports to China have been resumed in late October but Uruguay is now the second-largest supplier of beef in this market, behind Brazil.
Read also
Join agri leaders of the Black Sea & Danube region at the 22 International Co...
China is buying up Brazilian soybeans in case of a trade war with the US
Jordan purchased 60 thousand tons of wheat
Improved crop condition in the US and accelerated harvest in Australia and Argenti...
Prices for soybean oil in Chicago rose sharply after Trump’s statement, whic...
Write to us
Our manager will contact you soon