The Price of Uruguayan Beef Remains Stable During W1 in the Chinese Market

In China, the market price of Uruguayan beef during W1 2023 did not differ much from W1 2022. References for Chuck and Blade were at USD 4,750/ton, shin & shank at USD 6,600/ton CFR, round cuts at USD 5,600/ton, and eye round at USD 6,700/ton, all CFR. Sales made from Uruguay were of 80vl trimmings at USD 3,450/ton and bone-in beef quarters at USD 3,900/ton, both CFR. For reference, Chile is a country that does not pay tariffs thanks to the Free Trade Agreement with China, sold bone-in beef quarters between USD 4,600 and USD 4,700/ton CFR. Uruguay, Argentina, and Brazil have to reduce their price to compete with Chile.