Import prices in Chile drop

A larger supply of Brazilian beef last week pushed import prices down in Chile. A broker quoted references of US$/t 5,800 CFR for the 19 cuts from Brazil, which led Paraguay to lower its prices to around US$/t 6,000. This puts various importers in a tricky spot, as they are now receiving product at US$/t 6,400-6,500 from Paraguay. “Some retailers are selling today without any margin,” the source commented.