Chinese Market for Uruguayan Beef Has Worsened in W45

The situation of the Chinese market for Uruguayan beef worsened in W45, with difficulties in paying contracts and renegotiations of merchandise that is being produced or has already shipped. The priority has focused on solving the business already agreed upon and not closing new shipments. The Uruguayan industry in W45 offered knuckles at USD 5,600/ton CFR PRC, outside flat at USD 5,800/ton CFR PRC, and trimming 80 VL at US 3,300/ton CFR PRC.