Paraguayan meat exports going from strength to strength
With a domestic market of seven million people, livestock production in Paraguay is mainly focused on exports. Its growth has positioned it above Argentina as one of the world's leading beef exporters. Not long ago, this was unthinkable, especially considering that, unlike Argentina, Paraguay is a country that has no seaports.
Russia is the main market, taking 37% of Paraguayan meat exports. It is followed by Chile, which has been recovering its share after removing the embargo imposed because of foot and mouth disease in 2011. Other important markets are Israel, Brazil, Hong Kong and the European Union (EU). The latter resumed its imports from Paraguay recently after removing its embargo, also because of foot and mouth.
According to a report by the Agriculture and Horticulture Development Board (AHDB) in the UK, the outlook for Paraguay's beef exports is rosy.
Heavy Brazilian investment in Paraguay is an indicator of is potential.
By 2020 it is expected to have a herd of 20 million head. This will allow beef exports to continue to grow.
The expansion of the Paraguayan cattle herd is the reason its export volume has increased by 55% and revenue has increased by 70%, to US$ 1.3 billion in the last two years.
Information provided by BeefPoint