Uruguay leads Mercosur in diversifying its meat exports
According to INAC figures up to September 14, Uruguay's exports to China fell 29% in volume while shipments to the United States grew 64%.
According to these figures, China as a destination fell from 57% to 39% between 2023 and 2024, while the US increased its market share from 21% to 32% as of last week.
For its part, Brazil reduced its meat sales to China from 51% to 44%, according to Conab data this week. Argentine, on the other hand, is much more dependent on the Asian giant and has slightly modified its export map, with China's share falling from 78.2% to 74.6%.
Sales revenue to the North American market, which includes minority business in Canada and Mexico, reached US$442 million through September 14 and exceeds the US$426 million in China.
For the first time since 2012, it is highly likely that the US will be the main destination in terms of the amount of foreign currency generated by the end of the year.
Other traditional destinations are also increasing this year for Uruguay: Israel has grown by more than 135% and the European Union by 19% in volume.
Among the secondary markets, the return of Russia stands out, which multiplied its purchases by 11 this year, the United Kingdom grew by 52% and Japan by almost 40% in tons.
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