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Monday, March 20, 2023

The new commercial relationship with Japan will increase the income of the meat industry

from 2018 Uruguay Becoming a country free of foot and mouth disease finds a significant market for deboned beef placement. Required vaccination makes market conditions even more demanding, so the new authorization obtained translates into a renewal of the vote of confidence in Uruguay Health and Certification.

Key Access and Market Intelligence Report National Meat Institute (INC) It determined that the Japanese country was the most attractive buyer in terms of prices, as it positioned itself as the first importer of bovine tongue worldwide. Historically, it accounts for 50% of global demand, reaching a record import of $340 million in 2021. Currently imports about 40 thousand tonnes per year.

The prices paid are twice that of the market, as Japan pays up to $8,500 a tonne compared to other consumers, such as Hong Kong ($2,400 per ton.) Russia ($3,500 per tonne).

Competition for an attractive market will be with suppliers such as United States, Australia and New Zealand, Despite the vastness of these countries, a small number of bidders can be seen, due to the hygiene standards required for participation.

The big problem for Uruguay is not the number of competitors, but its preferential tariff position, because New Zealand and Australia are members of cptpp (Trans-Pacific Agreement) and the United States entered into a bilateral FTA in 2019.

Marine and North American exporters pay only 5.1%, with default rates of 12.8% for Uruguay.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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