BUENOS AIRES - Argentine beef exports to its top buyer China fell almost a third in January due to a price dispute with Chinese importers and the effects of a coronavirus outbreak, the head of the South American country’s meat export chamber told Reuters.
“The market has totally changed,” said Mario Ravettino, head of the consortium of Argentine meat exporters, known by the initials ABC, which represents meat-packing plants responsible for preparing Argentina’s famously succulent steaks for export. The estimated January figure - calculated at just shy of 31,500 tonnes - would be the lowest in nine months after sales ramped up throughout last year, with December sales of 44,878 tonnes. The month was however still up versus January 2019.
“There was a frenzy in which those who bought animals for China paid anything, without caring about quality. Now there is a differentiation between canned beef of lower quality and high-quality beef,” Lafontaine said.Tyson Foods Inc and U.S. agricultural groups said earlier this month that coronavirus is generally disrupting meat shipments to China as the country faces a shortage due to an outbreak of a fatal pig disease.
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