News

Uruguay: US due to more attractive prices than China in the meat market

Frozen Bone-In Beef
Meat
Uruguay
Regulation & Compliances
Market & Price Trends
Published Mar 3, 2024

Tridge summary

The US beef import market has begun the year on a high note, with increasing values. A Uruguayan exporter has secured prices of US$/ton 5,100-5,150 FOB for a 90 CL block and US$/ton 4,800 for an 85 CL with quota. Despite negotiation challenges with China, the exporter is contemplating exporting outside the quota by paying a 26.4% tariff. Uruguay's beef exports to the US have surged by 45% this year, reaching 10 thousand tons.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The US shows firm and more attractive values than China. The US beef import market shows a firm start to the year with rising values. A Uruguayan exporter managed references of US$/ton 5,100-5,150 FOB for a 90 CL block and US$/ton 4,800 for an 85 CL with quota. In any case, he noted that, given the difficulty of bringing the points closer to China, today he even closes the equation to export outside the quota by paying the ...
Source: Agromeat
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