Seven-year high for meat packers’ bank debt

Uruguayan meat packers had loans totaling US$ 438 million with banks at the end of June, the highest in at least seven years, according to data published by the Central Bank of Uruguay (BCU). In June last year, meat packers’ bank liabilities stood at US$ 309 million, marking a year-on-year increase of 42% (US$ 129 million).