August 1, 2007
Uruguay's meat exports down 10 percent on-year, soy planting to expand
Meat exports from Uruguay have slid 10 percent compared to the same period a year ago, the national meat institute, INAC, said on July 30, 2007.
Meat exports from the country stood at US$577 million for January to July 21, 2007.
Beef exports during this period usually account for up to 83 percent of Uruguay's exports for the year.
Meat were exported mainly to Canada, the United States, Mexico, the European Union (EU), Mercosur, Russia, Israel and Saudi Arabia.
Uruguay's meat export was worth US$1.1 billion in 2006, up 24 percent on-year, according to the Latin America News Digest.
An increase in exports to Russia accounted for the growth in meat exports last year. Russia last year accounted for one-fifth of the nation's meat exports.
Meanwhile, the country is hoping to expand its soy planting by 21 percent, rising from 370,000 hectares last year to 450,000 hectares this year.
Most soy exports would be destined for China, Iran and Egypt.
The Mercosur bloc of South American nations has now become the world's largest soy supplier, with 105 million tonnes against 85 million tonnes of the US. For the 2006/07 season Mercosur would have a 53 percent share in the world trade, surpassing the US with 44 percent.