September 1, 2006

 

Argentina's beef exports down 50 percent in July
 

 

Argentine beef exports were 46 percent lower in July than year-ago levels, according to the World Beef Report.

 

With Argentina's self-imposed ban on beef exports expiring next week, cattle breeder associations and the processing sector are hoping to work out an agreement with the government that would halt the fall in beef exports.

 

Russia, the biggest market for Argentina's beef, accounts for more than half the country's beef export (12,535 tonnes). Nearly one-fifth of Argentina's beef goes to the EU (4,800 tonnes), its second largest customer for beef.

 

High value Hilton beef exports increased 9 percent on-year. High value beef are exempted from the ban. The value of Argentine Hilton beef shipped to the EU in July increased 20 percent on-year, to US$11,038.