Argentina's Rosario Stock Exchange Friday reported the first semester of 2022 showed record beef exports 39.4% above figures from the same period last year, worth US$1.75 billion. Beef shipments grew US$ 457 million from US$ 1.293 billion.
A most unusual low water level of the Paraná river has caused losses of nearly US$ 280 million so far in 2022 to Argentine rural producers and exporters, it was reported.
Argentina’s corn 2021/22 crop has now been estimated at less than the 48 million tons of just a few weeks ago, according to the Rosario grains exchange, because a severe drought has slashed yields. Likewise with soybeans first estimate of 40,5 million tons.
The Argentine Government's policies restricting meat exports have taken their toll on livestock production and slaughter, bringing down domestic consumption as prices went up, just what the measures were supposed to avert, according to a Rosario Stock Exchange (BCR) report released Friday.