The evolution of the sheep meat market in Latin America

One of the most relevant data in the current context is that, despite the recent decrease in the export price, the ton of exported sheep meat has maintained an average higher than that of 2023, reaching US$ 4,814 per ton, according to preliminary data provided by the National Meat Institute (INAC) of Uruguay. This figure represents a decrease compared to the previous week, where the price was US$ 5,264, but still reflects an upward trend in the annual average. Indeed, the average for the last 30 days has risen to US$ 4,363 per ton, marking the third consecutive month with prices higher than those recorded in the previous year. The global sheep meat market is strongly influenced by various factors, both internal and external. Variations in the export price are a reflection of multiple dynamics, from supply and demand in international markets to political and economic decisions in producing countries. In this context, demand from countries such as China, Brazil and Middle Eastern ...