Argentina Executes Highest Hilton Quota Compliance in Five Years
Updated 06/14/2023 13:49
The Ministry of Agriculture, Livestock and Fisheries of the Nation announced that Argentina has achieved the highest compliance in the last five years in relation to the Hilton Quota. This year, the country has exported 29,500 tons through the quota with prices ranging between $10,000 and $13,500 per ton.
Record-Breaking Performance in the European Market
In less than two weeks after the 2022/2023 commercial cycle, Argentina exported 29,389 tons of meat to the European market. When combined with the 111 tons destined for the United Kingdom, the total export through the Hilton Quota for the year 2022/2023 reached $310 million dollars, measured by their FOB value.
Main Destinations for Argentine Meat
The main destinations for Argentine meat were Germany and the Netherlands, followed by Italy and Spain. This experience confirms Argentina’s positioning strategy as a supplier of high-quality beef to the European market.
Hilton Quota and Its Significance
The Hilton Quota is a tariff quota granted by the European Union to exporting countries for high-quality boneless beef. Argentina is the beneficiary of 44% of the quota granted globally by the European Union. Other countries benefiting from the quota are the United States, Canada, Brazil, Australia, Uruguay, New Zealand, and Paraguay.
This high execution of the tariff quota further strengthens Argentina’s position as a supplier of high-quality beef to the European market,” said Secretary Juan José Bahillo.