Uruguay's Dairy Sector Sees Decrease in Debt and Delinquencies
Source: dairynews.today
Uruguay's dairy farms have seen a consistent decline in financial debt and a significant reduction in delinquency rates over the past year.
The latest figures from the Central Bank of Uruguay indicate a continued decrease in debt for dairy farms with the financial system, marking the fifth consecutive month of this trend. Delinquencies were significantly reduced compared to a year ago. As of February, total credit amounted to $206.73 million, representing a 1% decrease compared to January and a 5% decrease year-on-year. The noteworthy aspect is the significant drop in delinquency. In February, the expired credits stood at $6.42 million, decreasing 2% monthly and 25% from the $8.55 million recorded in February 2024. Meanwhile, active credits totaled $200.31 million, showing a 1% monthly reduction and a 4% year-on-year decrease.
During the year's first two months, the average total credits were $207.46 million, marking a 5% year-on-year decline, with expired credits averaging $6.49 million, a 20% reduction, and active credits at $200.97 million, a 4% reduction.
During the year's first two months, the average total credits were $207.46 million, marking a 5% year-on-year decline, with expired credits averaging $6.49 million, a 20% reduction, and active credits at $200.97 million, a 4% reduction.
