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Chile Sees Cattle Prices Rise

01 November 2010

CHILE - Prices for finished cattle in Chile could keep increasing recovering to values of the first half of the nineties, particularly during the calves’ sales season March/June.

A report in MercoPress said that prices for calves have almost trebled following a decade of falling prices.

Punta Arenas in Southern Chile saw prices for calves reach $3 a kilo - a 90 per cent increase on prices last year.

Manuel Bitsch, Chile’s Agriculture Ministry regional representative told MercoPress that there is strong world demand for beef as some of the main Asian markets recover from the recession, including Russia, which has seen imports soar.

He said that world supply remains stalled because of the falling prices over the last four years plus the fact that farmers are now retaining cows and heifers.

The report says that a new abattoir in Punta Arenas has been certified, and export prospects are now good.

TheMeatSite News Desk

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