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Montevideo, September 24th 2018 - 13:52 UTC

Argentine farmers confident they can increase sales 28% to UK in the short term

Wednesday, March 22nd 2017 - 12:09 UTC
Full article 13 comments
SRA president Etchevehere said that Brexit was a great opportunity to strengthen bilateral trade in a “strategic and complementary” form. SRA president Etchevehere said that Brexit was a great opportunity to strengthen bilateral trade in a “strategic and complementary” form.
Argentina is estimated to increase farm production 50% sustainedly in the next four years, creating an additional 1.1 million jobs. Argentina is estimated to increase farm production 50% sustainedly in the next four years, creating an additional 1.1 million jobs.
In the short term exports to UK can be boosted with sales of different types of beef, poultry meat and wines In the short term exports to UK can be boosted with sales of different types of beef, poultry meat and wines

Argentina has the potential to increase food sales to the UK by 28% in the short term, from the current US$ 830 million to US$ 1.060bn, according to the president of the powerful farmers' organization, Argentine Rural Society, Luis Miguel Etchevehere, currently in London with a business mission sponsored by the Argentine foreign ministry, the Argentine-British Chamber of Commerce and the embassy in London.

 During an agro-business forum on Argentina's significant development opportunities, at the embassy in London, Etchevehere said that Brexit was a great opportunity to strengthen bilateral trade in a “strategic and complementary” form.

“Argentina is in a position to be a world player in the foods market, we estimate farm production will increase 50% sustainedly in the next four years, creating an additional 1.1 million jobs. Our target is very clear: we will return to the international markets and the Argentine farmers are ready for such a challenge”.

The panel during the conference included Santa Fe province governor Miguel Lifschitz, the technical manager of Al High Tech, Jose Luis Albero and farmer, Sean Cameron.

Etchevehere's presentation was based on the SRA Economic Studies and International Negotiations report which identifies those areas that can in the short run, increase sales to the UK, particularly those punished under the restrictive policies of the Kirchner administrations such as fresh beef.

In effect before the 2006 ban on beef exports, Argentine sales to the UK totaled 7.800 tons while currently they are below 380 tons. The plan is to return to the reasonable level between 2007 and 2010, some 1.900 tons, but in the midterm could be boosted to well above previous difficulties.

Another meat item is cooked beef, which currently has dropped to 23 tons annually, down from over 6.000 ten years ago.

A quick almost immediate reply can be provided by poultry meat, jumping from the current 3.168 tons to the level five years ago, 6.755 tons. Finally regarding Argentine wines for which the UK is one of its leading markets, the growth estimate in a couple of years is 11%.

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  • ElaineB

    @ Kanye

    To be fair the EU is protectionist too. The French farming industry has huge influence and are pretty militant about protecting their market, is one example.

    Yes, we have large beef herds. After the CJD crisis and the stringent changes we probably have the safest beef. You can pretty much trace every cut of meat back to an individual animal. As DT said, we were definitely protectionist about our meat industry and the Irish will continue to lobby against any EU deal with Mercosur in the future.

    Mar 23rd, 2017 - 12:25 pm 0
  • Kanye

    ElaineB

    Thanks. I did understand that individual EU countries are Protectionist for different products. That's why they can't get a consensus on a FTA with Mercosur.

    I was not aware that beef was such a commodity in the EU already.

    Mar 23rd, 2017 - 01:00 pm 0
  • gordo1

    Surely any trade agreement with Argentina should be subject to an agreement from that country that they will cease and desist via a viz the Falkland Islands?

    Mar 23rd, 2017 - 05:34 pm 0
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