Uruguayan dairy exports show momentum in August

Dairy product exports experienced an 18% growth in the year-on-year comparison. In August, the sector exported US$ 76 million, with Algeria as the main buyer, representing 31% of the total, followed by Brazil (29%), reported Uruguay XXI. One fact that stood out was that the export podium in August was completed by Algeria with a 7% share. About 1,500 tons of whole milk powder were shipped to this African country at a FOB value of US$/t 3,590 and 13 tons of butter. Sales of milk powder continued to lead and represented 79% of Uruguay's dairy exports, with about 15,500 tons shipped. The average shipped price was around US$/t 3,600 FOB, similar to July, although in volume about 3 thousand tons more were sold last month. The next most important item, cheese, registered a year-on-year decrease of 18%, due to a drop in cheese shipments to Brazil. Together with cheese and cottage cheese sales, butter exports accounted for 18% in this category. In the ...