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Slow Market for Uruguayan Lamb in the Chinese Market During W11

Lamb
Meat
China
Price
Uruguay
Demand
Juan Piquet
Updated 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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