Uruguay reached annual high in meat exports to China in November

Faxcarne | Uruguay exported 34,058 tons of beef in November at an average FOB value of US$/t 6,240, according to Customs data based on export requests. The volume grew by 5,770 tons compared to October and was the highest since December 2023. In turn, the average export value had a minimum monthly increase of US$/t 5. Shipments to China exceeded 16 thousand tons per month for the first time in the year, with 10,272 tons of frozen boneless meat and 5,754 tons of frozen bone-in meat. In any case, the volume continues to evolve significantly below last year; In November, 9,000 tons less were shipped to China than in the same month of 2023. The average value of frozen meat was US$/t 4,434, with a minimal monthly increase, but reaching the highest value since June 2023. There was a moderate drop in the average value of boneless frozen meat, more than offset by the increase in bone-in cuts. Demand from the United States remains strong. In November, 9,274 tons of frozen beef were ...