Argentine exports down
Argentine producers will be shipping around 20% less beef this year, following negotiations with the country's government.
The country will export a total of 480,000t of beef, with around 70,000t coming to Europe, German Manzano, director of the Argentine Beef Promotion Institute (IPCVA), revealed at IFE in London this week.
He said the decision was reached following discussion between the government and industry, but said that although there was a 20% fall, it was unlikely to see a drop in supplies to UK - in fact exporters were now more likely to focus on the higher value cuts to markets like the UK, he said.
The news follows difficulties last year when the Argentine government banned the export of beef after domestic prices rocketed.
Manzano said: "Beef is the most important product in the grocery basket on the domestic market and the decision is a measure to keep the domestic prices stable."
The decision could see an increased focus on the UK market from Argentine producers as they look to maximise value on the more limited export volumes.
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