:quality(85)/cloudfront-us-east-1.images.arcpublishing.com/infobae/7RZ4PSPCSVHX5PY7Y7A4F2P2SE.jpg)
The Oceanian country reached a new deal with an Asian company that compromises competition for Uruguayan products.
In an environment of reduced demand Milk By china, A factor that compromises the market Uruguayan It depends largely on the Asian giant, the pact New Zealand It will allow the export of dairy products to that country with zero tariffs and the possibility of accessing quotas.
“This is really good news, not just for dairy farmers [también para] New Zealand economy”. New Zealand Minister of Trade and Agriculture, Todd McClay.
This decision belongs to practice Free Trade Agreement (FTA) between China And New Zealand – Signed in 2008 and implemented in the same year-, an agreement that Uruguay The President's trip is still haunting though Luis Lacalle Pou Trade agreements benefited the country at the end of last year.
Main product exported New Zealand to do China It is like powdered milk Uruguay, Taking into account other products, the total in the last three years is 1.4 million tonnes. Uruguay, Meanwhile, there was an 11% drop in terms of volume exported to the country and a 20% drop in terms of value of products, particularly powder, liquid milk and serum, They fell; While the less important ones have increased compared to last year.
Bad predictions for China
China Demand will decrease in 2024 Milk powderIt compromises Exports to Uruguay Since Beijing is a major buyer; One of the worst declines on record since 2017 and a far cry from peak demand in 2021.
According to him U.S. Department of Agriculture (UDSA, (its summary in English) A fall in imports of whole milk powder is expected in 2024. Report GAIN Milk and Products Year, Offered by UTSA in October 2024 Chinese import The lowest since seven years.
According to the report, the consumption It is declining as consumers seek additional benefits for their health. However, they established that this trend will continue in 2024 due to increased consumption of whole milk powder in the bakery sector.
As for Shares of whole milk powder, Although it is estimated to be higher than it is by the end of 2022, it is expected to decline in the second half of this year. Meanwhile, the first half of the year was marked by an increase in production and, with it, a hike. In product stocks..
“Typical beer advocate. Future teen idol. Unapologetic tv practitioner. Music trailblazer.”
More Stories
Australia and New Zealand 2023 stadiums receive sustainable construction certification
New Zealand is revolutionizing gymnasts' equipment
Canoeing queen Carrington wants to add to New Zealand's record at the Paris Games