The Changing Value of Meat Exports in Uruguay

by worldysnews
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This Year’s Price Peaks in Beef Market

By Blasina and Associates

The Average Export Income (IMEx) for beef has experienced fluctuations throughout the year. The highest prices were recorded in February and May, coinciding with the annual quota windows 481 towards the European Union (EU).

According to provisional data from the National Meat Institute (INAC), the latest average IMEx value for beef was US$4,326, the lowest since April. The 30-day moving average for the week ending on June 10 was $4,598 per ton.

Comparing this year’s IMEx with the same period in 2022, there has been a significant drop of 13.7%, with the current value standing at US$4,420.

In the sheep meat market, there has been a slight weekly recovery in prices, although still lower than beef. The latest data shows a price of US$3,724 per ton, with a continuous downward trend in the 30-day moving average since mid-May, reaching US$3,682 per ton.

Despite the price decline, INAC reports an increase in the volume of beef exports, driven by strong demand from China and a rebound from Brazil. So far in 2023, 12,695 tons have been exported, representing a 49% increase compared to the same period last year.

About Blasina and Associates

We are a company specializing in market analysis, digital marketing, consulting, and project development. Our vision of Uruguay is that of a country known for its excellence and reliability as a food producer. Based on this, we create tailored strategies for our clients.

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