Australia saw a 20% increase in meat exports in August and is expecting an even better 2024. Does it affect Uruguay’s participation?
He United States Department of Agriculture (USDA) presented its forecasts for next year in relation to beef exports Australia and estimates that it will reach the fourth largest volume recorded in its history. This creates uncertainty in Uruguay, in a context of loss of competitiveness (due to the exchange rate) and in which the meat market is compromised by the decline in its exports.
According to a USDA report, the meat market in Australia It will grow exponentially next year, an advance that is accompanied by a very good year for that country. However, this raises the question whether Uruguay It would cause an inconvenience, taking into account that this year beef exports had a considerable drop.
The last statement of the National Meat Institute (Inac) of the Uruguay, assured that the beef exports they fell 23.6%. According to Inac, the meat sector allowed an income of 2,711,752 dollars, of which 79.9% corresponds to beef4.6% primary byproduct for industrial use and thirdly offal with 4.2% of exports.
The most relevant markets were, first of all, China with 58.6% with 278,433 tons of beef. In second place was the Agreement between the United States, Mexico and Canada (USMCA) with 20.1% of the total, representing 95,262 tons and, finally, the European Union (EU) with 8.0% and with 37,807 tons of beef.
Meanwhile, the forecasts for Australia have as one of their main objectives the US market – like Uruguay – which in recent years represented, along with China, Japan, and South Korea, three quarters of Australian beef exports.
In search of new markets
Although the advance of Australia in the meat market would seem to be a potential threat to the Uruguay, The country is in search of new markets that, little by little, are becoming concrete.
In that sense, at the beginning of this month, the Ministry of Livestock, Agriculture and Fisheries (MGAP) reported that Uruguay will be able to export beef to Mexico again, where 22 slaughterhouses will participate. Added to this is El Salvador – with an announcement published at the end of August – where raw and cooked beef and sheep offal will begin to be exported.
Source: Ambito
