The global meat trade would remain the same at the end of the year in a challenging environment for Uruguay.
Meanwhile he international market predicts that it will remain the same by the end of this year, Uruguay continues in a challenging context that estimates a drop in meat exports by 20%.
The market of China presented a “significant flatness, a bit with the excuse on the part of the importers of the stocks, that they move little, and the values do not move either down or up,” he said. Marcelo Muttoni, Manager of the export department Sirsil in dialogue with the Value Added program of Radio Carve. In that sense, he added that “a big change is not expected between now and the end of the year, not even until mid-February.”
On the other hand, he stressed that there is a possibility that next year end of stock, so the importer could start making new purchases. “Let’s remember that many restaurants and many hotels are still very off,” he stated.
What refers to european market, He stated that there are two different scenarios: “The shipments that arrived for the holidays were around US$ 14,500 and US$ 15,000, and the meat that arrived post-holidays in Argentina has told me that they are around US$ 12,000, today in Uruguay. a rump and loin is about US$11,000,” he said. In that sense, he recalled that Europe already does not work with stock of meat and who limits himself to buying what he consumes.
As to USA, commented that the country is seen with demand and with not so strong production. However, he recalled that there are great competitors such as Brazil and Paraguay, although he assures that the most important in terms of level of competitiveness is Australia. “It is the great competitor for Uruguay, But I think that after the first quarter of 2024 it will be fine,” he assured.
Exports will fall by 20% in 2023
The exports of Uruguay in 2023 they will fall twenty% compared to the previous year according to the latest report of International Trade Outlook for Latin America and the Caribbean published by the ECLAC. The economic present of China is one of the main reasons for this negative variation, but the drought historical situation that the country suffered also influenced the lower levels of placements.
Beyond a recent positive record, the report of the Economic Commission for Latin America and the Caribbean (ECLAC) projected a closure with negative results for the country: exports will have a 20% drop from “end to end.” Although it is necessary to take into account the extraordinary figures that were achieved last year, the drought and lower demand from China explain a good part of this forecast regarding trade in goods.
Likewise, the country will have setbacks both in prices like in volume and worth of exports: in the first case, the drop will be 4%; in the second, 17%; and finally, 20% corresponds to the fall in the value of Uruguayan placements.
Source: Ambito
