Beef export to China fell 30% in January, only 31,500 tonnes

Argentine beef exports to its top buyer China fell almost a third in January compared to previous month, due to buyers bargaining for lower price, and the effects of a coronavirus outbreak, according to Mario Ravettino, head of the consortium of Argentine meat exporters (ABC). The estimated January figure of 31,500 tonnes would be the lowest in nine months. Deals previously at up to $7,000 per tonne were now happening at up to $4,300 per tonne. Soaring demand from China last year saw sales of Argentine frozen boneless beef double to 408,500 tonnes, worth around $2 billion.

Source: Perfil

Categories: Business, Geopolitics, Industry

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