Chilean beef exports rose 36% YoY in first 8 months of 2020

Chilean beef exports reached 16,673 tons between January and August 2020, which meant an increase of 35.7% over the same period last year according to data from the Bovine Meat Bulletin released by the Ministry of Agriculture’s Office of Agricultural Studies and Policies (ODEPA).  The main export destination continues to be China, a market that registered a 49% increase in shipments, reaching 14,641 tons, for a FOB value of US $ 55,426.

On the other hand, beef imports varied greatly due to the pandemic. As a result, a reduction of 15.2% was registered when compared to the period from January to August 2019, reaching 130,490 tons. 42.7% of this volume comes from Paraguay, which is the main meat supplier in the country, followed by closely by Brazil.

The international meat market is active. In the case of China, international reports indicate that demand continues although the situation changes weekly. With respect to the United States, the USDA revised the projections for higher beef imports and per capita consumption this year.

Finally, in the case of Europe, the appearance of Covid-19 outbreaks and the outbreak of African swine fever in Germany may – or may not – affect demand for beef in the short and medium-term.

Source: Port Portal

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