Argentina’s beef exports down in 2006
AUSTRALIA - According to the World Beef Report, it is estimated that Argentina’s beef exports in 2006 will be significantly down on 2005 levels.
23 January 2007
1 minute read
Chilled, frozen and processed beef exports are anticipated to reach 356,009 tonnes swt, which is a 26% fall in volume. Beef export revenue fell just 4% to US$1.2 billion compared with 2005, as FOB prices were on average 31% higher in 2006 as a result of strong demand for beef and global supply disruptions.
Research by the Argentine Rural Society has found that investment in cattle in Argentina fell by a third, or $US300 million, last year. Tensions between the government and farmers intensified early in December when three of the country's four farming associations held a nine-day strike, halting all sales of beef and grains.
The government has angered producers with anti-inflation measures including a near ban on exports and a list of price caps for cattle sold through the main cattle market of Liniers.
TheCattleSite News Desk
