Uruguayan President Luis Lacalle Pou said on Friday that the Executive Branch will send to the Legislative a bill to exonerate VAT on asado de tira, a popular meat cut, as the Ukraine war takes its toll on the cost of food worldwide.
Uruguay's President Luis Lacalle Pou Tuesday heralded there would be news regarding the price of meat and some other “fundamental inputs.” He also announced the measures will be announced at different times, and they also will be “internal, except for some imports of meat cuts.”
While Uruguay's National Meat Institute (INAC) eyes China, Saudi Arabia and Hong Kong as the clients to target, the latter has already recorded an increase of 13% in both volume and revenues in purchases from Paraguay, according to a Central Bank (BCP) report released this week.
Uruguay's national rugby team Los Teros which will be participating in World Cup in England later this year, will be provided with Uruguay's world-class prime beef to be supplied by the National Meat Institute of Uruguay, INAC.
Uruguay exported meat, offal, meat products and by-products worth 550 million dollars in the year up to 18 April, 8% more than the same period of 2014. Beef exports totaled 454 million in the first months of the year, with the main buyers including China, member countries of the North American Free Trade Agreement (NAFTA), the European Union, Israel and MERCOSUR countries.
Uruguay's meat exports slid 6.5% in volume during 2013 compared to the previous year, but the big news is that China has become the main client for beef, followed by Nafta countries, (US, Canada and Mexico), according to the latest release from the country's National Meat Institute, INAC.
China in just a year has become Uruguay’s main client for beef absorbing 25% of exports equivalent to 190 million dollars in the last agriculture year (July 2012/June 2013). Uruguay exports totalled 390.000 tons according to the latest release from the country’s Meats Institute, INAC.
Uruguay’s per capita consumption of meats last year reached 98 kilos which represents a 3.4% increase over 2011 and above the average of developed countries that stands at 78 kilos per person per year, according to stats released by the country’s National Meats Institute, INAC.
Uruguay meat exports so far this year (June 9) represented 766 million dollars which is slightly higher that the same period last year when the sum was 722 million dollars; likewise tonnage was 195.459 compared to 184.749 tons in 2011.
In eleven months of 2011 Uruguayan meat exports jumped 21% in value compared to the same period a year ago, totalling 1.505 billion dollars and 373.548 tons according to the latest release from the country’s National Meat Board (INAC).