Argentine beef exports grow but demand from China takes downward path
Argentine beef exports have grown interannually but demand from China is 20% lower than in July and decreasing, with a marked downward trend in prices, according to a report from the Argentine Beef Exporters (ABC) Consortium in Buenos Aires.
In the first 8 months of 2022, shipments of beef grew 9.4% compared to the same period of 2021 and almost 20% in August compared to the same month last year, but fell 5% from July, the study also revealed.
On the other hand, shipments to China, Argentine beef’s main destination, fell by 20% compared to July. The Argentine Government allowed 15% more exports, which might result in a positive impact at the end of this month.
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