The Middle East market remains active for selected beef cuts, although buyers continue to take a cautious approach. A regional trader reported Brazilian business into the region at US$/t 6,900 CFR for topside and US$/t 14,000 CFR for tenderloins.
Uruguay also reported sales of lamb carcasses at US$/t 7,600, reflecting continued interest from some importers in sheepmeat. Meanwhile, a Paraguayan exporter indicated liver prices to Egypt at around US$/t 2,400 CFR.
The market remains attentive to geopolitical developments in the Middle East. Industry sources said there is growing expectation surrounding a preliminary agreement between the US and Iran that could be formalized this Friday. If confirmed, it would help reduce some of the uncertainty that has weighed on regional trade in recent months, although buyers continue to act cautiously for now.
