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Tuesday, March 21, 2023

They haven’t set foot in the region for 3 years

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The meeting addressed relevant aspects of the economic relationship and of cooperation between both countries: trade flows and market access, agreements, authorities visits, bilateral cooperationamong others, according to the information provided by the MRREE.

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In addition, the government assured that “both parties agreed on the importance of continuing to develop instances of dialogue and rapprochement between the two countries.” The visit of the Chinese representatives is not accidental, since negotiations for the formation of an FTA are advancing between the Asian country and Uruguay, despite the discomfort that the initiative entails in the Mercosur partners.

Meat exports to China were the lowest in more than two years

The starting point is not the best, and this is partly why the intention to deepen trade ties with one of Uruguay’s main trading partners is explained.

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The numbers for January in terms of meat exports to China were the lowest since August 2020, that is, about 29 months. According to data from the National Customs Directorateduring the past month were sent 4,700 tons less of the productin relation to the 14,510 of December 2022. In turn, this number was less than half the average of 30,000 tons registered during several months of 2021.

These shipments of meat have represented during the last two months the 60% of sales to the Asian giant. On the other hand, the mean value of the frozen boneless embarked continues for the third month on a plateau of $4,850 to $4,900 a ton and it seems to indicate a definitive break in the downward trend that occurred since the middle of last year, where the value of the ton fell by about 2,000 dollars.

Globally, the average of the 23,194 tons of fresh beef exported by Uruguay in January it was $5,643 per tona volume that suffered a year-on-year drop of 29%, and an annual contraction of the average value of up to 12%.

Source: Ambito

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