The soybean exports they collapsed again in August, with a year-on-year drop of 83%, due to the consequences of the drought on crops, having a significant impact on the decline in Uruguayan placements, according to the latest report Uruguay XXI.
The survey on foreign trade showed that the placements of the oilseed during August were for a total of 53 million dollars, when during the same period of 2022 the sales were 303 million dollars, a decrease that was contemplated by the climatic phenomenon that hit the country.
However, a rebound is expected in the soy after the arrival of the phenomenon of The boy, that will come with more rains for the region. In fact, Urupov’s remote sensing system, based on information from its seed supplier partners, predicted an increase in the planted area of the product during the next harvest.
Bovine meat begins to recover
Although the exports of bovine meat registered a year-on-year decrease of 2%, the product was the one that brought the most foreign currency to the country, with a total of 183 million dollars in August.
From Uruguay XXI they indicated that, so far this year, the placements of meat they decreased 28% compared to the same period in 2022, mainly due to international prices, since today a ton is worth 5,549 dollars and a year ago the price was 7,092 dollars.
It is worth noting that China was the main export destination and increased its imported volume by 10%. However, the value exported in the month fell 21% compared to a year ago.
Cellulose, the second most exported product
In turn, the placements of cellulose totaled 144 million dollars, a 9% year-on-year decrease, also linked to lower prices, since there was a drop in paper and packaging materials globally. In cumulative terms, pulp exports totaled 1.3 billion dollars, 16% more than the cumulative figure of the previous year.
It was followed by sales of beverage concentrates, with 74 million dollars and an increase of 13% compared to August 2022, being Mexico the main destination and with greater dynamism Guatemala, El Salvador and Brazil.
Further back in the ranking appeared exports of rice, for 67 million dollars in August and a significant increase of 66% while the dairy products they sold for 64 million dollars, although with a decrease of 28%.
Source: Ambito
