Argentina sets new export record for booming bovine meat

By Ashley Williams contact

- Last updated on GMT

China and the EU were the main destinations for bovine meat
China and the EU were the main destinations for bovine meat
Soaring demand for bovine meat has led to Argentina reporting a significant growth in exports to the international market during the first quarter of this year.

According to the Argentinian Ministry of Agriculture’s Undersecretariat of Livestock survey, 145,276 tonnes (t) of bovine meat were shipped out of the South American country from January to March, a growth of 60% compared to the same period in 2017.

The report added that China and the European Union were the main destinations for bovine meat, at 37.5% and 27.9% respectively, and the government’s support of production and liberation of exports led to the dynamic rise.

As a result of government support, during April alone, shipments of bovine meat amounted to 35,918t, also 60% higher than last year’s results.

The activity has been confirmed in the report as the highest records of bovine slaughter and production ever recorded.

It seems that the trend of bovine meat is here to stay, especially in the Asian market, after Japan’s minister of agriculture Ken Saito and Argentina’s minister of agriculture Luis Miguel Etchevehere agreed a trade deal​ to exchange a variety of meat products, including bovine meat. The trade deal is expected to be announced during the Ministerial G-20 Meeting of Agriculture event on 28 July in Buenos Aires.

Etchevehere confirmed that the trade deal with Japan presented a “new stage​” in its relationship with the Asian country, which would produce a promising future for Argentina. 

Related topics: Industry & Markets, Argentina, Beef

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