October 3, 2008

 

Argentina may import beef by 2012
 

 

Argentina forced to import beef by 2012 due to stagnant cattle stock.

 

Argentina, once a major beef exporter, may be forced to import beef by 2012, according to a report from the Argentine Regional Consortia of Agriculture organisation.

 

Argentina's cattle stock has not risen since 2005, despite increasing amounts of cattle sent to factories resulting in a reduced national stock.

 

The report states that producers are turning to crops such as soy, wheat and corn to take advantage of the international prices, reducing pasturing land for cattle.

 

While production is declining, ocal demand remains high with national beef consumption per capital at 69kg, the highest in the world.

 

Argentinean export shipments fell by 17 percent over the first 6 months of 2008 and it is reported that Argentine suppliers have been unable to fulfill contracts to supply certain beef cuts in Europe.

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