Beef exports exceptional for South America

 

Source: Meat & Livestock Australia Limited

via Mirage News - Sep 12, 2019 

 

South America continues to build momentum, with improving market access, growing herds and undervalued currency favouring exports. These conditions will continue to support beef export growth off the back of a strong start to 2019.

 

Year-to-July beef exports from the big four South American producers (Brazil, Argentina, Paraguay, Uruguay) have well surpassed 2018 levels, currently sitting just above 1.4 million tonnes and tracking 18% above last year.

 

China has clearly gained precedence, with the majority of exports pivoting away from Russia, the regions traditional partner. Year-to-July beef exports to China currently sit just under 500,000 tonnes, up 37% on a year-ago and accounting for 35% of total exports from South America (only 5 years ago this figure was 5%). Demand is expected to keep building heading into the Chinese New Year in January 2020 as African Swine Fever bites into protein supply. Considering the strong global demand for animal protein and the startlingly low value of the Argentine Peso and Brazilian Real relative to the US dollar, South American exports are expected to keep growing.

 

Despite increasing competition from other nations, Australia still maintains its status as a high-quality and reliable beef producer. As big South American countries continue to build market share through production gains and new trade relationships, it is important to continue analysing how their contribution to the global beef market will affect Australia moving forward.

 

Market highlights:

 

Brazil ...

 

Argentina ...

 

Uruguay ...

 

Paraguay ...

 

more, including charts

https://www.miragenews.com/beef-exports-exceptional-for-south-america/