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Uruguayan land prices lift

MONTEVIDEO: Land prices rose in Uruguay in the first half of 2010 according to La Nación.

The average price is currently $US2519 per hectare, up from $US2426 per hectare at the start of the year.

From January to June 2010, a total of 180,000 hectares were sold for $US 451 million - an 8 percent increase over the same period in 2009.

The main purchasers were soy producers from Argentina and Brazil, along with European and American forestry companies.

Source: La Nación

For more information contact:

Desiree Aceves

Business Development Assistant

Email: desiree.aceves@nzte.govt.nz

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