Brazil to Utilize Uruguay's Beef Export Quota Surplus for China, Says Lula
Brazilian President Luiz Inacio Lula da Silva announced that Uruguay has authorized Brazil to use the surplus from its beef export quota to China. This comes as part of a bilateral agreement following discussions with Uruguayan counterpart Yamandu Orsi in New York. China imposed an additional 55% tariff on beef imports exceeding quota levels, affecting key suppliers like Brazil and protecting domestic cattle production. In response, Brazil has already utilized nearly all its allocated quota for the year, reaching 98.5% of a 1.1 million metric ton limit by August. Brazil's total beef exports are expected to decline by around 10% in 2026 due to trade restrictions from China and recent export curbs imposed on Brazilian meat products heading to the European Union.
