As of May 1, exports from Mercosur countries within the Hilton quota will be exempt from the 20% tariff, under the provisional entry into force of the free trade agreement between both blocs. “That factor is already weighing on negotiations for future shipments. Prices should not remain at current levels,” said a Uruguayan exporter. In a scenario of limited supply and reduced slaughter, some Uruguayan plants were quoting around US$/t 20,000 for new shipments, about US$/t 1,000 above last week’s references.
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