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After suspending beef transportation for 30 days in mid-May, the Argentine government imposed restrictions on the quantity and type of beef allowed for export, and restricted the export volume of Argentine beef to 50% of the average monthly export volume since July.
Lasts until December 2020
.
Lasts until December 2020
.
The report stated: “As Argentina is the fifth largest beef exporter in 2020 and China’s second largest supplier, the reduction in exports is likely to have a significant impact on global beef trade
.
”
.
”
Stimulated by the growth in Chinese demand, Argentina's beef exports increased by 54% in 2019 and further increased by 6% in 2020
.
Although export restrictions were implemented in June, they were down 31% year-on-year
.
In the first half of 2021, it still increased by 4%
.
In the past two years, with the increase in slaughter, the country's beef production has also been on the rise
.
.
Although export restrictions were implemented in June, they were down 31% year-on-year
.
In the first half of 2021, it still increased by 4%
.
In the past two years, with the increase in slaughter, the country's beef production has also been on the rise
.
The report stated that although Argentina’s restrictions will be reviewed at the end of August, “the new export system is unlikely to end in August”
.
Although some aspects of the restrictions may be relaxed, especially exports to China and Israel (the country’s largest export market)
.
In 2020, China accounted for 75% of Argentina's beef exports
.
.
Although some aspects of the restrictions may be relaxed, especially exports to China and Israel (the country’s largest export market)
.
In 2020, China accounted for 75% of Argentina's beef exports
.
The Rabobank Beef Quarterly stated that if the restrictions continue until the end of the year, Argentine beef exports in 2021 may fall by 23.
5%, although the "most likely" scenario is that exports to China and Israel remain unchanged, and exports will fall by 9.
5%
.
The report said: "This is the most likely scenario that we think will happen because it will meet the needs of the production sector and increase the supply of beef in the domestic market
.
"
5%, although the "most likely" scenario is that exports to China and Israel remain unchanged, and exports will fall by 9.
5%
.
The report said: "This is the most likely scenario that we think will happen because it will meet the needs of the production sector and increase the supply of beef in the domestic market
.
"
According to the report, there are concerns that export restrictions may also cause Argentina's production to fall by 4% to 5%
.
The last suspension of beef exports resulted in a “20% reduction in the national cattle herd from 2006 to 2011, resulting in a reduction of nearly 12 million cattle”, resulting in a 21%, 11% and 69% drop in production, consumption and exports, respectively
.
.
The last suspension of beef exports resulted in a “20% reduction in the national cattle herd from 2006 to 2011, resulting in a reduction of nearly 12 million cattle”, resulting in a 21%, 11% and 69% drop in production, consumption and exports, respectively
.
According to the report, due to the wider impact on the global beef market, Argentina's export restrictions, especially the impact on the Chinese market, will benefit other exporting countries, mainly neighboring markets such as Brazil and Uruguay
.
.
