He meat market was affected this year by weather conditions and, on the other hand, by a drop in demand for markets, while next year expectations are expected to improve.
“It is being promoted that what is the demand, and with that prices, towards a value that is more beneficial for everyone,” said the livestock consignor and meat broker, Juan Böcking, to Radio Carve. “I don’t know if they are signs, or aspirations that we all have,” she added.
However, the broker assured that the prospects are not entirely clear. “One can deduce from the chores that have been and the situation of some other countries, such as Australia, and if one analyzes what the entire situation is, it suggests that it should be normalized,” he explained.
China, a special case
Regarding the Asian country, Böcking said that “it got used to it badly after the price peak that we had, because nothing was enough for the Chinese, they began to release Brazilian plants, and they bypassed us and the supply in the Chinese market.”
“We have to understand that with the Chinese market the logistics of the business are complex,” stated the broker who recalled that between the time the deal is finalized and the meat arrives at its destination, a period of time passes between 3 and 5 months. “Although it is a demanding market, it is not an easy market to rush,” she explained.
Meat exports will close 2023 with sales of US$2.6 billion
The exports of meat will total revenues of nearly $2.6 billion in 2023, which is equivalent to 20% less than last year, according to data from the National Meat Institute (INAC).
Despite the reduction, these values are above the historical average and it is the third highest record, as specified from the INAC, while they specified that the market China showed a greater decrease in income, in the order of 32% and will generate foreign exchange close to 1,200 million, that is, about 600 million less than the previous year.
On the other hand, sales to USMCA, that make up United States, Mexico and Canada, which would represent 21% of total revenues, showed a growth of 15% and would end the year with revenues of 550 million dollars.
Finally, it is expected that placements at European Union close the year with a decrease of 10%, reaching 340 million dollars at the end of 2023, reaching 13% of the total.
“The data we present is smaller in terms of volume and values, but in the face of such a challenging year Uruguay saves its situation with a good note, although we are still suffering the consequences,” explained the president of the INAC, Conrado Ferber, to the EFE Agency, when echoing the impact of the drought.
Source: Ambito
