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FOB Mercosur

Slow consumption in Europe puts downward pressure on Hilton prices

It was another week of downward adjustments for chilled beef prices in Europe. Hilton rump & loin cuts from Argentina were traded at around US$/t 16,700 FOB, although some importers on Tuesday were bidding US$/t 16,500, while exporters were reluctant to go below US$/t 17,000.

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