For the forecasts for the remainder of the year, Uruguay would have a lower exportable volume due to the drop in production.
He United States Department of Agriculture (USDA) published its expectations for exports and imports for the remainder of this year worldwide and assured that China will have an import of beef similar to that of 2022, news that would be good news for Uruguayalthough the forecasts establish that the country will have a lower export balance due to the drop in production.
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The USDA report on expectations of production, consumption and international trade of the main meats gave news that would seem positive for Uruguay due to a increase in beef imports from China. According to the report from the US Department of Agriculture, the expectations of meat imports from the Asian giant would be 3.5 million tonsat the same record levels as last year.
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On the other hand, there is bad news for the export forecasts for Uruguay, since an exported volume of 485 thousand tons for this year. A number that strongly contrasts with that of last year where 513 tons. According to the report, this is due to the drop in production in the agricultural sector Uruguayan, affected by drought.
The drama of meat to China
Exports of goods fell 31% year-on-year in June and accumulated a fall of 18% in the semesteradding up 5,661 million dollarsas reported earlier this month Uruguay XXI.
There, meat exports had a great impact since they fell back 32% so far this semester due to lower production – also a consequence of the lack of water, which affected the pastures – but also due to the decrease in prices and placements compared to last year, in which meat had reached historical records.
In the meat sector, a weaker demand on the part of China (main export destination), has pushed back sales. Uruguay has been facing strong competition in recent weeks from Brazil y Argentinawhich attend the Chinese market and sell at lower prices than those that Uruguay had been selling.
On the other hand, a great competitor was added again, Brazil, from which China lifted the import restrictions on beef placed in February of this year due to the presence of a case of mad cow.
2023-07-16 14:15:33
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