12 June ........... Brazilian sales to China via the “grey - TopicsExpress



          

12 June ........... Brazilian sales to China via the “grey channel” grow The tone of the Chinese market had no major variations during the week. Brokers and industrial sources coincide in remarking the usual interest for offal and bone-in cuts, with references for ribs from Uruguay at US$/t 4,100 and navel plate at US$/t 2,900, CIF in both cases. Uruguayan and Argentine packers are getting up to US$/t 5,000 CIF for shin-shank, but one broker reported a lower demand due to higher volumes incoming through the “grey channel”. Precisely, a regional trader commented that lower exigencies from China’s Customs control enables Brazil to ship bigger volumes of shin-shank via Hong Kong with references at US$/t 4,300 and 4,400 CIF. Likewise, he said the country sells knuckle at US$/t 5,200 – 5,300 FOB.
Posted on: Thu, 12 Jun 2014 06:17:56 +0000

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