Paraguayan beef export price increases by 3.4% until November 2024

Paraguay's beef exports increased by 9.7% in value and 6.1% in volume compared to November of the previous year, reaching US$ 1,538.7 million. Chile was the main destination, accounting for 37.6% of the total export value, followed by Taiwan. However, both countries saw decreases in value and volume. The average implicit price of beef increased by 3.4% compared to the same period of the previous year, with the largest increases seen in Kuwait and Brazil.

The Foreign Trade Bulletin of the Central Bank of Paraguay, reflected that beef exports2, for their part, reached US$ 1,538.7 million, representing an increase of 9.7% compared to November of the previous year, while, in terms of volume, an increase of 6.1% was recorded compared to November 2023 Chile, the main destination for beef, with 37.6% of the total export value, made purchases for US$ 578.9 million and a volume of 111.5 thousand tons as of the eleventh month of 2024. These figures represented a reduction of 4.7% in value and 5.2% in volume. On the other hand, Taiwan, the second most important destination, also registered decreases in both values and volumes of 8.4% and 6.9%, respectively. As of November 2024, a total of 61 countries were the destinations for beef exports. The average implicit price of beef, as of November 2024, increased by 3.4% ...