China will continue to pay good prices for meat
China is the main destination for Uruguay’s beef and offal exports, measured in volume and the driver of the fact that cattle prices, even though they reflect the drop in exported tons, continue to be good. Beef sales in the first half of 2022 went mainly to China and totaled US$904 million, showing an increase of 68% compared to the same period in 2021. According to Ragi Samy’s analysis, “there are other markets that are complicated, as is the case in the Middle East, which is not buying anything.
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