Demand in Chile remains moderate, although importers expect gradual improvement as the September Independence Day celebrations approach.
"Consumption remains slow despite limited beef availability. We expect this to change from August as we get closer to the Independence Day holidays," a Chilean importer told World Beef Report (WBR).
The source quoted 19-cut sets from Brazil at US$6,800-6,900/t CIF and 20-cut sets from Paraguay at US$7,600/t CIF. A Brazilian source reported deals at even lower levels, around US$6,600/t CIF for 20-cut sets.
Meanwhile, Paraguayan exporters reported deals at around US$7,250/t CFR for 20-cut chilled sets during the past week. Another industry source said values agreed for July shipments have generally been maintained for August loadings despite stronger selling pressure from Brazil, adding that supermarket programs and premium products continue to achieve higher prices.
