LatinNews Daily - 19 July 2018

Uruguay: Figures from Faxcarne, a private organisation that monitors beef production in the Southern Common Market (Mercosur) countries, showed that Uruguay has almost used up his high-quality beef export quota to the European Union (EU), with only 11% of it remaining for the rest of the July-September period. The 481 tariff quota (or ‘Hilton quota’) restricts the amount of beef that can be imported to the EU from particular countries. In the case of Uruguay, it comes to 11,250 tonnes (t) per quarter. According to Faxcarne, by 17 July there was a balance of 1,937t left to be exported to the EU. This trend is part of a broader increase in Uruguay’s beef cattle exports, which in 2017-2018 has reached a record number with 450,000 head, well above the previous highest register of 289,000 accomplished in 2010-2011.

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