There is a strong growing demand in the world for organic wool and consumers are willing to pay a bonus, which is a promising advantage for Uruguay and its textile industry, said Pedro Otegui, one of the country's leading wool and textile exporters.
Uruguay's Economy minister Danilo Astori criticized export taxes and complained the fact Mercosur has allowed Argentina to apply them when we all know this is a simple manipulation of the economy which also has political effects.
Uruguay which has been breaking beef export records for the last few years is facing growing difficulties in keeping the necessary calves' production level, while the large farmlands dedicated to agriculture keep expanding and forage sowing has been delayed because of lack of sufficient rains.
The Socialist government of Uruguayan president Tabare Vazquez suffered on Wednesday its first 24 hour full strike called by the unions' movement which openly supports the ruling coalition.
In the first half of this year the number of overseas tourists arriving in Uruguay increased 13.7% compared to the same period in 2007, according to Benjamin Liberoff, chief advisor of the country's Ministry of Tourism.
Uruguay ordered this week the temporary freezing of all activities of the Spanish pulp company ENCE, following the discovery of the uprooting of an 80 hectares patch of native forest which is strictly protected under Uruguayan law.
Uruguay's fishing industry has come under the spotlight of the Montevideo and Spanish police narcotics departments following the arrest of a Spanish citizen and the discovery of containers to be exported with 300 kilos of cocaine hidden among the frozen fish.
During the first seven months of this year Uruguay meat exports totaled 983 million US dollars, 54% higher than the same period in 2007, of which beef represents 84% and lamb 4%, according to the country's Nacional Institute of Meats, INAC.
New Zealand Farming Systems Uruguay today posted a net after tax profit of $US1.6 million ($NZ2.3m) for the year to June 30, boosted by earnings of $US8m from milk sales, at record prices of about US40c a litre.
Uruguayan president Tabare Vazquez approval rate stands at 56%, which is considered exceptional for Uruguayan politics, particularly since the leader of the ruling coalition is 18 months away from the end of his five year mandate.