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Beef Exports Halved

29 July 2011
Meat & Livestock Australia

ARGENTINA - Very tight beef supplies and high retail prices in Argentina contributed to a 51 per cent year-on-year fall in exports during 2010-11, to 151,872 tonnes swt, according to Meat and Livestock Australia's (MLA) figures.

Moreover, export returns jumped 63 per cent year-on-year, to average $6,471/tonne - easily the highest on record for the period.

With the higher Argentine beef prices, the largest falls in exports were recorded to lower priced markets. Exports to Russia fell 76 per cent year-on-year, to 26,737 tonnes swt, accounting for only 18 per cent of total shipments, compared with 36 per cent of the total in 2009-10.

Israel became Argentina's main export destination in 2010-11, despite shipments slipping nine per cent year-on-year, to 27,530 tonnes swt. Germany was Argentina's third largest market, falling 13 per cent year-on-year, to 25,172 tonnes swt.

Although shipments under the European 'Hilton' high quality beef quota rose 52 per cent in 2010-11 (due to a delay in the allocation distribution in 2009-10 which hampered trade), Argentina still failed to fill its 28,000 tonne quota allocation for the past year, exporting only 25,536 tonnes swt.

TheMeatSite News Desk



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