Although prices have hit a ceiling in recent weeks, beef trade with MENA countries from Brazil remains fluid. These are the last deals to arrive before Ramadan. A trader reported forequarter sales to Egypt in the US$/t 4,900–5,000 CFR range. A Paraguayan exporter highlighted Egypt’s “increasing interest,” but considered it difficult to close deals at US$/t 5,000–5,100 for the forequarter as importers are proposing.
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