Argentina changed its mind again! Beef exports suspended until the end of 2023

Argentina changed its mind again! Beef exports suspended until the end of 2023. For more information on export to China, please call SINOLOBEN, service Email: sinoloben@sloben.com.

Argentina changed its mind again! On Monday, January 3, 2022, as the country's beef prices remained high, the government announced that it would extend the export ban on seven beef parts until the end of 2023, meaning these popular beef products would be out of stock on the international market.

The export of popular beef products such as bone bifid, tetrad, beef rib and so on has been suspended for 2 years.


Since the end of May last year, Argentina has introduced a series of beef export restrictions, which, in addition to setting export restrictions, also ban the export of bony dichotoms, bony tetrads, beef ribs, eye lids, rice dragons, shoulder meat and belly, and the latest ban extends the ban on these products for two years, the Financial Associated Press reported.
Grass-fed beef from natural pastures in Argentina is also a world-famous specialty in the country. However, under inflationary pressures, low-income families have become difficult to afford domestic beef, and the Argentine government has taken relevant measures while expressing concern.

Argentina's price control measures have also had a limited effect.


It is worth mentioning that as one of the countries with the most serious inflation problems in the world, Argentina's price control measures have also had a limited effect, and beef prices in Buenos Aires are still growing at an annual rate of nearly 50%. Government data also show that beef in some locations showed double-digit month-on-month growth in November alone.
In Argentina, where meat prices usually rise during the holidays and during the summer in South America, belly and ribs are very popular in local barbecue cuisines and are an important part of Argentine barbecue (Asado).

Argentine beef will be out of stock in the international market in 2022.


In 2020, China imported a total of 2.1183 million tons of beef, mainly from Brazil, Argentina, Uruguay and other 29 countries. Of these, Argentina's total beef exports reached a record high of 900000 tons in 2020, and 75 percent of the beef was sold to China.
You can take a look at the picture below, customs data announced: from January to November 2020 and 2021, cumulative beef imports changed by country year-on-year, with Brazil firmly in the first place and Argentina in the second place. It is worth noting that Argentina's imports increased by only 0.23, while the import volume and unit price decreased compared with the same period last year. "