Argentina Beef Exports at 10-year Low

By CnAgri2012-08-20 19:49:18 Print

Argentinean beef exports during June fell 38 percent from year ago levels at 8,048 tonnes swt.

The decline in June exports contributed to the 26 percent fall in shipments during the first six months of the year, to 59,469 tonnes swt - the lowest volumes for the January to June period in the past 10 years.

The reduction in shipments from January to June was driven by a significant fall to Russia (5,533 tonnes swt, back 48 percent) and Venezuela (1,696 tonnes swt, down 45 percent).

Chile was the only country to register an increase in beef volumes from Argentina, up 63 percent, to 12,698 tonnes swt. The United States Department of Agriculture has forecast Argentinean beef exports to reach 280,000 swt tonnes in 2012.