Meat and soy exports decreased in Uruguay

Published Sep 4, 2020

Tridge summary

In August, Uruguay experienced a decrease in its agricultural exports, with the exception of meat by-products and malt, due to a drop in beef, soy, and cellulose exports. The largest decline was in cellulose exports to the Netherlands, leading to an overall year-to-date decrease in exports by 17%. Despite this, sales to China fell by 9%, with increases in soy, milk, and sheep meat offsetting the decrease in beef and meat by-product sales. Sales to Brazil and the United States also increased, with the United States seeing a 30% rise in sales of fresh and chilled beef and meat by-products.

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

Original content

Meat by-products and malts are the only items in the Uruguayan agricultural sector that achieved an increase in exports during the month of August. Other products such as beef, soy and cellulose decreased their levels of foreign trade. The portal El Observador states that in August 2020, export applications, including free zones, showed a year-on-year drop of 18.3%, reaching US $ 702 million. This reduction is mainly explained by lower exports of beef (-22%), cellulose (-27%) and soybeans (-14%), while sales abroad of malt (+10.2) and meat by-products (+6 , 2%) had a positive impact on the monthly variation. (Read: Uruguay registers a drop in meat exports by 18.1%) In the accumulated of the year, exports totaled US $ 5.14 billion, 17% less than what was exported in the first eight months of 2019. In this case, cellulose, meat and soybeans were the producers with the highest negative impact, in contrast to rice, which continues to be the product with the highest positive impact. ...

Source: MXContexto