On-the-Ground Updates

Slow Market for Uruguayan Lamb in the Chinese Market During W11

Lamb
Meat
China
Uruguay
Market & Price Trends
Juan Piquet
Published Mar 17, 2023
In W11, Uruguayan sheep exports to China had a retraction. The difference between what the industry quoted and what importers were willing to pay was considerable. Prices for lamb carcasses decreased below USD 5K/ton CFR. A few Uruguayan plants offered at USD 4.8-4.9K/ton but did not sell. Deals stood at USD 4.7K/ton CFR. The price of lamb carcasses in the Chinese domestic market stood at USD 4.7K/ton.

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