Uruguay: Beef exports to China are at their lowest since 2016

Published 2024년 8월 16일

Tridge summary

Uruguay experienced a significant decline in its fresh beef exports in July, with a total of 26,324 tons, marking the lowest monthly export volume this year and the lowest July export volume since 2016. Only 10,054 tons of this total were exported to China, which used to account for over 70% of Uruguay's beef demand but now only makes up 38% due to increased exports to the United States and a decrease in demand from China. The average export value to the United States was almost $900 higher than to China. Additionally, there has been notable growth in Uruguay's beef exports to Russia, Israel, Japan, and Italy in the first seven months of the year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In July, according to data from Customs export applications, Uruguay exported 26,324 tons of fresh beef, 2,500 tons less than in June and the lowest monthly amount so far this year. Of that volume, only 10,054 tons were shipped to China, 38% of the total, far from the more than 70% when in 2021/22 the Asian country dominated the demand for this protein. Exports to China in July were the lowest for that month since 2016, eight years ago. Frozen boneless beef exports to China totalled 6,603 tonnes, almost the same amount as was exported to the United States (6,596 tonnes). The average export value to the United States (US$/t 5,534) is almost US$/t 900 higher than the average export value to China. In addition, 3,318 tonnes of bone-in beef were shipped to China at an average value ...

Source: EuroMeat