MONTEVIDEO – Uruguay’s dairy exports totaled $547 million between January and November, up 4 percent from the same period in 2016, the National Dairy Institute (INALE) said Monday.
The increase was due to “improvements in prices, since the sales volume was lower” than in the first 11 months of last year, the INALE said.
The price of exported butter increased 25 percent, whole powdered milk prices went up 5 percent and cheese prices rose 3 percent, while the price of low-fat powdered milk fell 22 percent, the agency said in its monthly report.
By volume, sales of low-fat powdered milk fell 27 percent, butter dropped 22 percent, whole powdered milk fell 18 percent and cheese dropped 14 percent.
The main destinations for Uruguayan dairy products were Brazil, accounting for 41 percent of foreign sales, followed by Algeria, Russia, Mexico and Cuba.