CEO Fernando Galletti de Queiroz reaffirmed Minerva’s commitment to South America as a global platform, while CFO Edison Ticle expects Argentina to become the company’s second-largest origin by revenue, driven by US demand and less restrictive quota limitations on exports to China.
Queiroz described Minerva as a South American rather than a Brazilian player, at a time when North America faces structural production constraints and China is maintaining its quota system through the end of 2028, with no prospect of change.
“That is why Minerva increasingly wants to be analyzed as a South American player, not a Brazilian one,” Queiroz said. Destination diversification is part of the strategy: with Chinese quotas acting as a ceiling, the company is seeking growth in markets such as the US, Japan, and South Korea, after Brazil was recently recognized as free of foot-and-mouth disease without vaccination.
Argentina currently ranks fourth among the company’s origins by revenue, behind Brazil, Paraguay, and Uruguay.
Ticle expects it to rise to second place in 2027, supported by increased slaughter in the country, expanded capacity at the local plant, and prices that have been rising faster than those in other origins, underpinned by US demand.
Unlike Brazil, Argentina faces less restrictive volume limitations on exports to China, broadening its marketing opportunities. On the Asian front, Queiroz also predicted that Argentina would be the next country to gain access to the Japanese market, one of the world’s leading beef destinations, and that South Korea—where Brazil is already more competitive than the US and Australia—is moving forward with the formal opening of its market to Brazilian beef.
Source: Globo Rural
