Pending competitiveness in Uruguayan agriculture

Exports continued to advance steadily in August, with a 27% year-on-year increase in sales, measured in dollars. The performance of soybeans is noteworthy, which - as expected - is back to a level closer to its historical potential, with a crop recovered after the drought. It was an extremely complicated harvest, but there is enough production to put the oilseed back in the top spots of the ranking (table). At the same time, cellulose exports are advancing due to the improvement in price and the additional production of the new UPM plant. This sector has had a central development for Uruguay, consolidating our country as one of the main suppliers of short-fiber cellulose (Eucalyptus) at a global level. But it is not alone: it competes strongly with its larger neighbor, Brazil, which has announced investments of around US$ 15 billion in the next four years, including new cellulose factories in various parts of its territory. Under the leadership of Lula and his development ...