The Chilean market continues to show limited activity and difficulties in absorbing the higher prices sought by some exporters.
“Things are very slow. Trade is struggling,” a Chilean market operator told WBR.
According to the source, Brazil continues to offer 19/20-cut sets at around US$/t 7,100, while some Paraguayan exporters are already seeking US$/t 8,000 or more. However, he believes those levels are not currently supported by the market.
“I don’t see that market here today,” he said. Still, the operator does not rule out occasional business at higher prices in the coming months. In his view, the combination of winter holidays, the progress of the World Cup, and the approach of Chile’s national holidays could generate periods of stronger demand.
“It is possible that some business gets done at those levels, but it would be isolated deals rather than significant volumes,” he said.
Meanwhile, a trader reported business from Brazil for frozen butt at US$/t 7,000, neck at US$/t 6,000, and 80VL trimming at US$/t 5,000.
