Despite the strength of the euro against the dollar (hovering near 1.20), which supports higher dollar prices, European importers are trying to cap the rise in chilled prices for Hilton quota cuts, particularly from Argentina. Import and export sources reported deals in a US$/t 19,000–19,500 FOB range last week, with some specialty brands achieving up to US$/t 200 above that ceiling. For striploin, one exporter quoted around US$/t 20,500 FOB. “At those levels, the business becomes very complex,” an importer warned.
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