Uruguay: Beef exports to China at lowest since 2016
In July, according to data from Customs export applications, Uruguay exported 26,324 tons of fresh beef, 2,500 tons less than in June and the lowest monthly amount so far this year.
Of that volume, only 10,054 tons were shipped to China, 38% of the total, far from the more than 70% when in 2021/22 the Asian country dominated the demand for this protein. Exports to China in July were the lowest for that month since 2016, eight years ago.
Frozen boneless beef exports to China totalled 6,603 tonnes, almost the same amount as was exported to the United States (6,596 tonnes). The average export value to the United States (US$/t 5,534) is almost US$/t 900 higher than the average export value to China. In addition, 3,318 tonnes of bone-in beef were shipped to China at an average value of US$/t 2,957.
In the first seven months of the year, exports of frozen boneless meat to China fell by 28%, while those to the United States increased by 105%. Among the main destinations, there is also significant growth in exports to Russia, Israel, Japan and Italy.
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