The European Hilton rump & loin market remains very quiet and is beginning to show some downward pressure, particularly due to the lack of firm buying interest.
An Argentine source said trading activity is limited and that several exporters are submitting offers without having confirmed demand. Asking prices remain between US$ 20,000 and US$ 20,200 FOB per ton, although the few deals concluded have been closer to US$ 19,900 FOB.
A European importer agreed that the market has softened somewhat, with Uruguay below US$ 19,000 FOB and Argentina closer to US$ 19,500 than to US$ 20,000.
Regional exporters, however, reported somewhat firmer business, with deals at US$ 20,000 FOB for Argentina and US$ 19,000 FOB for Uruguay. The source noted that the price gap between the two origins has narrowed compared with previous weeks.
