PARAGUAY - Paraguay is again on track to export historically high volumes of beef this year, to an expanding range of markets, according to Meat and Livestock Australia.
Exports during September increased 28.5 per cent year-on-year, to 25,864 tonnes, underpinning the total volume exported so far in 2014 reaching 200,891 tonnes, an increase of 14 per cent on the same time last year and the highest volume registered for the period.
Driven by the firm international demand, average export prices also rose 9 per cent for the period, at $4.66/kg.
Russia has remained the major destination for 2014, with shipments slightly (one per cent) higher year-on-year, totalling 104,983 tonnes, while export prices gained six per cent, averaging $4.12/kg. Exports to Chile rebounded for the same period, at 34,933 tonnes, followed by Brazil (up 33 per cent) and Hong Kong (up 51 per cent).
According to the latest USDA GAIN report, Paraguayan beef exports are forecast to hit record levels in 2015, at 360,000 tonnes carcase weight equivalent – underpinned by the expected higher beef availability and firm international demand.
The cattle herd is also forecast to continue growing, from 14.5 million head in 2014, to 15 million head by the end of 2015.
TheMeatSite News Desk