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Argentine beef exports have grown interannually but demand from China is 20% lower than in July and decreasing, with a marked downward trend in prices, according to a report from the Argentine Beef Exporters (ABC) Consortium in Buenos Aires.
The administration of Argentine President Alberto Fernández Friday reached an agreement with meat producers to keep the retail price of popular cuts unchanged.
How other nations are feasting on China s beef with Australia
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How other nations are feasting on China s beef with Australia
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At the China International Import expo in Shanghai last month, the Argentinian Beef Association was ready to pounce on Australia s misfortune.
Argentina has maintained strong diplomatic relations with China since the beginning of the coronavirus pandemic. Beijing sent tonnes of medical equipment to Argentina as COVID-19 began sweeping through Latin America. Even though they all had to endure 14-day quarantine to attend, 58 representatives of the beef association were in the hall to show off its sirloin and rib eye.