Beef exports grew in the first quarter of the year 18 percent in volume and 18.6 percent in value in the year-on-year comparison, totaling 116,663 tons of product weight for 601.2 million dollars, according to the Promotion Institute of Argentine Beef (IPCVA).
Likewise, shipments abroad in March increased 9.6% in value and 22.6% in volume year-on-year, although average prices showed a drop of 10.6%.
In the month-on-month comparison, March sales increased compared to February 16.9%, which marked a recovery in shipments, since in February they had decreased in relation to January 23%, affected by the drop in sales to China as a consequence of the coronavirus pandemic.
Shipments in the first quarter had an increase compared to the same period of 2019 of 17,769 tons of product weight and of 94,278,000 dollars.
The largest buyer was China, which absorbed 66.7% of the total volume, with 77,797 tons for 330,575,000 dollars, followed by Chile (9,381 tons and 56.8 million dollars), and Israel, with 8,251 tons of product weight and almost $ 60.3 million.
The most considerable year-on-year increases occurred with purchases from the United States, which went from 12 to 2,367 tons, a considerable jump in relative terms due to the low comparison base.
Chile also showed good performance, growing 34.7%, while demand from Russia grew 25%.
For its part, Italy fell sharply, with purchases that were 26.7% lower than those registered in the first quarter of 2019, while Germany retracted acquisitions 5.1%. “The dependence of the Chinese market for Argentine beef exports has become decisive,” said the IPCVA.
The original text of this article was published on 04/24/2020 in our printed edition.