Central Ganadera estimates $12 billion losses from Sinigan failures

Central Ganadera reports losses exceeding $12 billion after 10 days of failures in the ICA's Sinigan platform. Disruptions have cut cattle supply at auctions and plants, impacting meat prices. The ICA attributes issues to a stabilization phase.

Lucas Londoño, general manager of Central Ganadera, Colombia's main cattle auction, estimated losses over $12 billion from Sinigan failures launched on April 20. "In fattened cattle we have seen nearly 1,200 head affected, with an impact of around $6 billion," Londoño stated. He detailed auction impacts (400 head, $800 million), lean cattle (400 head, $450 million), slaughter plants (700 head, $4.9 billion), plus $250 million in transport.

ICA manager Paula Cepeda acknowledged the disruptions and called guilds to a working table to explain 15 years of data synchronization. However, Asofrigoríficos president Álvaro Urrea denied the call included all representatives and criticized officials' lack of system understanding. He noted failures hit 30% of daily 10,000 head intake to plants, equating to 30,000 head over 10 days, with contingency guides raising regulatory doubts.

Elisa Velásquez of Subasta Ganadera de Urabá (Suganar) reported a 50% drop in animal intake, losing $1.4 billion in one auction from 280 fewer head. Many ranchers face access barriers due to lacking suitable phones or training, per Velásquez. Londoño warned the glitches will raise meat prices from reduced supply.

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