ANALYSIS: Brazil-Mexico Beef Imports Ease Ahead of PACIC Renewal
Brazil’s beef exports to Mexico moved lower in October, as participants reported being adequately covered for both short- and medium-term needs, reducing the urgency for additional bookings. Some participants had maintained a more cautious stance while the industry awaited the decision on the PACIC renewal, which was finally confirmed this week. The announcement removed a point of uncertainty, although participants indicated that it is still too early to determine whether the extension will materially influence short-term import activity...
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