1 October 2020

2 minute read

South America

Reuters reports that China remains the main destination for Argentina’s red med and that exports are continuing despite the economic shocks of the ongoing COVID-19 pandemic.

Argentina is a major global food suppliers and China is an avid consumer of its beef. About 75 percent of Argentine beef exports were destined for the Chinese market last year, according to government data.

The flow of beef products from Argentina to China, a major trade partner, did not endure a significant slowdown in the midst of COVID-19, the head of Argentina's ABC meat export consortium said.

China, also a major soy consumer, was Argentina's main trading partner in July, its embassy in Buenos Aires said. During the pandemic, Argentina boosted diplomatic ties with China, which sent large donations of medical supplies to the recession-hit country.

"Our goal at the beginning of the year was to try to equal the 870,000 tonnes of 2019, and I think that at this time of the year we will reach that number," said Mario Ravettino, head of the ABC meat export consortium , which represents Argentine meatpacking companies that produce for foreign markets.

Beijing called on importers on Monday 28 September to shun frozen food from countries suffering from severe coronavirus outbreaks after several cases of imported seafood products tested positive for the virus.

Latin America is currently one of the main sources of coronavirus contagion in the world. Argentina has had at least 735,000 cases of the virus, and 16,500 associated deaths.

Ravettino, however, said he did not predict the region's infection rates would affect trade with Argentina, since "all the (health protocol) guarantees that China has requested have been offered and the relationship is optimal."

Seven meat plants in Argentina agreed to temporarily stop shipments to China last month after coronavirus cases were detected among workers.

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Source: Reuters