Uruguay's 2007/08 wool export increased 8.2% in value totaling 60 million kilos while sheep farming exports reached 320 million US dollars (up 8.4%). China remains as Uruguay's main wool client, according to a release from the Uruguayan Wool Secretariat, SUL.
The Brazilian group Mafrig has announced that it will begin production of cooked beef for the British market at the old Anglo abattoir in Uruguay, which for decades was the leading beef exporter to the United Kingdom.
Consumer prices in Uruguay during August increased 1.02%, surprising private estimates. According to the monthly release from the country's Statistics Institute, INE, accumulated retail inflation in the first eight months of 2008 reached 6.98% and 7.26% in the last twelve months.
Uruguay and South Korea have agreed on a fisheries pact that will facilitate greater cooperation in the development of marine resources, announced the South Korean Ministry for Food, Agriculture, Forestry and Fisheries.
Vote intention for Uruguay's main opposition party continues to inch upwards according to the latest public opinion polls while the ruling coalition suffers sustained but gradual erosion. Uruguayan presidential and congress elections are scheduled for October 2009.
Uruguay suspended a Spanish pulp mill forestry plans following the discovery the group had cleared hectares of natural forest to have it replaced by eucalyptus. An investigation will determine the fine and reparation work the ENCE group will have to undertake.
Uruguay's President Tabaré Vazquez will be celebrating his country's independence day, August 25, in Israel, the first leg of a three country tour (Switzerland and South Korea) he is visiting with a high level official and business delegation.
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.