The MENA market continues to provide an outlet for part of the Brazilian beef that is no longer destined for China, although competition remains intense and business is still highly selective.
“It isn't easy here. We're looking everywhere we can to replace the China volume,” a Brazilian exporter said. The source reported forequarter sales to Iran at €5,000/t. A ceasefire in the Middle East conflict and the lifting of economic sanctions could provide fresh momentum to the Iranian market, which had been largely inactive in recent weeks.
From Uruguay, a trader reported sales of a six-cut adult sheep set to the Middle East at US$ 6,700/t.
Meanwhile, Paraguayan exporters reported liver and heart sales to Egypt at around US$ 2,400/t CFR.
