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Uruguay: Average value of beef exports at a two-year high

Fresh Bone-In Beef

Frozen Boneless Beef

Frozen Bone-In Beef

Meat

Uruguay

Published Nov 11, 2024

Tridge summary

In October, Uruguay saw a 2.6 thousand ton increase in its fresh beef exports, totaling 28,559 tons at an average value of US$/t 6,330. This marks the highest average value since September 2022. The exports were dominated by 25,368 tons of frozen meat, with the United States being the main importer of boneless frozen meat. Additionally, 4,364 tons of frozen bone-in meat was exported to China. Uruguay is also targeting the Canadian 2025 quota as a potential new market for its frozen products.

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

Original content

Faxcarne | Uruguay exported 28,559 tons of fresh beef in October at an average value of US$/t 6,330, according to Customs data based on export requests. The volume increased by 2.6 thousand tons compared to what was shipped in September, while the average value increased a solid 6.7% monthly and reached the highest level since September 2022, more than two years ago. The volume included 3,191 tons of chilled meat and 25,368 tons of frozen meat, of which 4,404 tons were shipped with bone and 20,964 tons boneless. The main destination for boneless frozen meat was once again the United States, which has predominated within this segment almost without interruption since May. 8,850 tons were shipped to the US at an average value of US$ 6,101/t and 6,805 tons to China at an average of US$ ...

Source: Elagro