The Export Volume of Uruguayan Beef in July is Reported as the Lowest Monthly Value Since 2020

Uruguay exported 24,863 tons of beef in July 2022, the lowest monthly volume since August 2020. Exports decreased due to low supply since the cattle slaughter dropped due to cold weather. Despite the supply decrease, the FOB value fell 1.2% MoM.
China continues to be the top export destination despite the export volume dropping in July. About 65% of Uruguayan beef exports were sent to China in July, but the market share China held in January reached 76% and 72% in March.