Uruguay: Record Beef Export Price in August

 According to preliminary data published by INAC over the last 30 working days, the historical maximum reached in May 2022 has not yet been broken, and the figure of $5,454 recorded in August has not been reached.

Last week, the average EXPORT revenue (IMEx) was $5,752, and the gap continues to widen year-on-year, reaching an average of $4,934, up almost 21% from $4,092 a year earlier.

In the period from August 1 to August 30, the export volume amounted to 39,957 tons, exceeding the previous year’s figure by 10%.

Towards the end of the month, CHINA showed positive dynamics: shipments increased by 12% compared to the same period last year and reached 16,160 tons, which again confirmed its status as the main consumer of Uruguayan beef. it accounted for 40% of the total export volume.

Shipments to the US also increased by 9,564 tonnes (+12% y/y), while exports to the EU amounted to 8,633 tonnes (+61% y/y).

Lamb price exceeds US$6,000

The latest 30-day moving average price remains within a historically high range, averaging $6,411 per tonne of exported mutton.

From August to the 30th, the volume of exports decreased year-on-year by almost 24% and amounted to 608 tons.

Last week, 145 tons were shipped overseas at an average price of $6,149.

The main destination was Brazil with 177 tons, followed by Israel and CANADA with 87 tons.

Currently in 2025, the annual aggregate price is $5,378, up 43% from $3,753 the year before.