URUGUAY

Uruguay opens a new market for sheep exports

Sheep

The Minister of Livestock, Agriculture, and Fisheries, Alfredo Fratti, confirmed trade with Algeria and anticipated that up to one million animals could be placed.

Posted on Apr 05 ,00:10

Uruguay is preparing to open a new market with the imminent launch of sheep exports to  Algeria, a destination with a potential for up to one million animals, according to the  Ministry of Livestock, Agriculture and Fisheries  (MGAP).

The details will be defined during the week, according to  Alfredo Fratti, head of the Ministry of Agriculture, Livestock and Livestock (MGAP), who stated at a press conference that this possibility "is very important, because there are specialized plants that are not working", alluding to the crisis at the meatpacking plants.

The minister indicated that the details will be discussed soon and admitted that, although it depends on the  private sector  "the volume could reach up to one million sheep."

Good performance of sheep exports

Sheep exports rebounded in the first two months of the year, increasing by 11.6% year-on-year and totaling $41.6 million between January and February, according to data from the  Uruguayan Wool Secretariat.

In fact, foreign sales of wool and its by-products reached $26.7 million and accounted for 64.2% of total exports during that period, making it the main industrial placement sector.

Among the main destinations,  China appears again, with 44% of the total market, followed by  Italy  and  Germany.

Algeria is an increasingly popular export destination, with a sharp increase in the purchase of dairy products, but its potential is even greater, according to a report by the  Institute of International Business of the  Catholic University of Uruguay.

According to the study, the boost in sales from the North  African country, which pays a 5% tariff, could be as much as $195 million, with  frozen boneless beef  and bone-in beef cuts as promising products.

Comments

Similar articles