Uruguay’s beef exports should reach a new record in 2022, according to the country’s Livestock minister Fernando Mattos.
The country has reached USD 2 billion in shipments so far this year. “It is a very strong pace. At this point of the year, we are surpassing the levels of 2021. Surely if this trend continues, we are going to reach a new record,” said.
In 2021, the country exported around USD 3 billion worth of meat.
From January to June, the country shipped 370,352 tons of meat, a growth of 16.5% in volume when compared to the same period last year (318,012 tons).
The second half of the year is expected to see a rebound in meat exports to China, a market that was highly affected by the restrictive measures adopted due to the pandemic.
Meanwhile, Uruguay’s domestic consumption should be influenced by the arrival of barbecue cuts imported from Brazil, which began this month, after an agreement announced in June.
The decision to import Brazilian meat with bones came during strong inflationary pressure that placed the Consumer Price Index (CPI) above 9% year over year since March.