China Doubles Uruguay Beef Buying10 January 2014
URUGUAY – China’s share of Uruguayan beef exports doubled in 2013, while the overall value and amount contracted seven and six per cent respectively.
This leaves China second in the beef income list behind the EU and the biggest bulk buyer, according to the National Meat Institute data reported by El Observador.
China’s share is now at 26 per cent of all Uruguayan beef exports, up from 8 per cent in 2012.
The figures run up until 28 December 2013 and state the nation’s beef exports totalled 349,011 deadweight tons at an average of $3.700.
Total earnings from Chinese sales were $258.9 million.
The North American Free Trade Agreement (NAFTA) came second with the US accounting for 49,290 tonnes and, Canada with 16,061 tonnes and Mexico buying just 81 tonnes.
The EU was third at in excess of 52,892 tonnes. The Russian Federation came fourth with 45,057 tonnes.
Import data showed Uruguay bought beef primarily from Brazil. Over 8,900 tons of beef totalled $41.5 million.
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