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Money Argentina: progressive resumption of meat exports

00:55  23 june  2021
00:55  23 june  2021 Source:   pressfrom.com

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The Argentine government announced Tuesday the gradual recovery of exports of exports. Beatine meat suspended for a month to attempt to contain the outbreak of prices on the local market, which had increased in May 76.2% over one year.

Exports will be allowed up to 50% of the monthly volume exported on average in 2020, explained at a press conference the Ministers of Productive Development, Matias Kulfas and Agriculture, Livestock and Fisheries , Luis Basterra.

with 819,000 tonnes in 2020 for a value of $ 3.37 billion, Argentina is the fourth largest overall exporter of beef, behind Brazil, Australia and India, according to the Institute for the promotion of the Argentine beef (IPCVA).

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"The 50% quota is valid until 31 August and depending on the results we will get, we will see how to adapt it," said Kulfas.

The quota excludes that in effect with the European Union on hormone-free beef (Hilton Beef).

The export of seven pieces, including the popular "Asado" (base of the Dominical Family Barbecue), intended exclusively for the internal market is also prohibited until 31 December.

These measures should allow to leave on the domestic market "between 20,000 and 30,000 tons, which we hope will have a positive impact on prices," said Kulfas.

"The absolute priority is that there is no shortage of meat on the Argentinet's table. We think it will help stabilize prices," said the minister, recalling that "the price of meat has increased (In recent months) twice as much as the average food product ".

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Beef has increased its price on international markets, reaching $ 4,000 tonne in April and leading to pressure on the internal market.

To contain this increase, Argentina had ordered the suspension of meat exports for a month.

The breeders had hired an iron arm with the government suspending the sale of cattle on the markets for 14 days, which did not result in shortages.

According to IPCVA data, Argentina exported in April 50.150 tonnes of refrigerated, frozen and processed beef for some $ 204.2 million.

on this volume, 40,300 tonnes were intended for China (75.9%), the rest in particular in Israel, Chile, Germany, the United States and Brazil.

In March, Argentina meat production was 258,000 tons, according to the latest data available.

SA / NN / Lab / JB / ESP

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